Key facts
- Bending Spoons will acquire Airtable for $1.285 billion in an all-cash deal.
- This is Bending Spoons' first acquisition since its Nasdaq IPO.
- Airtable provides a software platform for building applications and managing workflows without coding.
- The deal's equity value, considering Airtable's net cash, is approximately $2.25 billion.
- The acquisition is expected to be completed by the end of the year, subject to regulatory approvals.
Bending Spoons has agreed to acquire Airtable for $1.285 billion in an all-cash transaction, marking the Italian technology company's first acquisition since its Nasdaq debut last month. Founded in 2013, Airtable provides a software platform that merges spreadsheet and database functionalities, enabling companies to develop applications and manage operational workflows without requiring coding expertise.
Bending Spoons, which went public at an $18 billion valuation in July, typically acquires companies that are trading at a discount to their private valuations, trims staff, streamlines products, and aims for profitability. The company has previously acquired brands including Evernote, WeTransfer, Eventbrite, and Vimeo.
According to Bending Spoons, Airtable's current net cash position implies an equity value of approximately $2.25 billion. Airtable's annual recurring revenue was growing over 20% year-over-year to approximately $480 million as of June 2026. The company serves over 500,000 organizations, including 80% of the Fortune 100. The transaction is anticipated to close by the end of the year, contingent upon regulatory approvals and other closing conditions.