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Bending Spoons acquires Miro for $1.36 billion

Bending Spoons has agreed to purchase Miro, a popular workplace whiteboard app, for $1.36 billion in cash. That’s just a sliver of Miro’s $17.5 billion peak valuation from late 2021. Miro now claims 100 million users, four million paying, and $600 million in recurring annual revenue—most from businesses. The company is profitable, but its value has dropped sharply as remote work software has cooled.

Why it mattersSoftware once hyped as pandemic essentials is now changing hands at deep discounts. If you use SaaS tools at work, expect more sales—and fewer standalone options.

Sources covering this

EU-StartupsHeadline onlyBending Spoons enters definitive agreement to acquire AI innovation workspace Miro for €1.7 billion2:03 PMTechCrunchBending Spoons to buy collaboration tools maker Miro for $1.36B, 90% less than its 2022 valuation2:34 PM
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