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Bending Spoons to Buy Airtable For $1.28 Billion
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Italian app developer Bending Spoons is acquiring Airtable for $1.28 billion in cash, a fraction of the spreadsheet-database platform's 2021 peak valuation of over $11 billion.
The acquisition continues a pattern of Bending Spoons buying established productivity brands and applying its operational model, which has historically included cost restructuring. For engineering teams building on Airtable, the change in ownership raises questions about future pricing, feature investment, and API stability.
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Airtable's valuation has fallen from over $11 billion at its 2021 peak to approximately $2.25 billion including cash, while the acquisition price is $1.28 billion in cash.
Bending Spoons, which went public last month at an $18 billion valuation, now owns a portfolio including Evernote, WeTransfer, EventBrite, and Vimeo.
Airtable reportedly has annual recurring revenue of approximately $480 million with over 20% year-over-year growth.
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