Bending Spoons to acquire Airtable for $1.285 billion

Bending Spoons S.p.A. agreed to get Airtable successful an all-cash transaction valuing the bundle institution astatine an endeavor worth of $1.285 billion, the companies said Tuesday, marking the Italian exertion firm's archetypal acquisition since its Nasdaq debut past month.

When combined with Airtable's existent nett cash-and-cash-equivalents balance, the woody implies an equity worth of astir $2.25 billion, the institution said. Completion of the woody is anticipated earlier year-end, pending regulatory reappraisal and restitution of customary closing requirements. Both boards unanimously approved the deal.

Airtable, founded successful 2013, offers a level that combines spreadsheet and database capabilities, allowing organizations to physique applications and negociate workflows without penning code. The institution counts much than 500,000 organizations among its customers, including 80% of the Fortune 100, and reported yearly recurring gross increasing much than 20% twelvemonth implicit twelvemonth to astir $480 cardinal arsenic of June 2026.

"Airtable is simply a pioneering marque reshaping however teams signifier information and negociate captious workflows," Bending Spoons Chief Executive Officer and Co-Founder Luca Ferrari said successful a statement. "We're committed to investing successful Airtable for the agelong run, and doubling down connected its halfway strength: bringing teams and workflows unneurotic successful 1 flexible workspace."

Airtable co-founder and CEO Howie Liu said successful a connection that partnering with Bending Spoons gives the institution "the resources and the semipermanent committedness Airtable needs to prosecute that imaginativeness adjacent much boldly arsenic we physique the AI-native level of the future."

Bending Spoons priced its Nasdaq IPO astatine $29 per stock successful July, supra its marketed range, valuing the institution astatine astir $18.4 billion. The Milan-based institution has built its portfolio done a strategy of acquiring integer businesses, cutting costs, and deploying engineering resources to amended products. Its existing holdings see AOL, which it acquired successful January 2026, Eventbrite, which it acquired successful March 2026, and different brands including Evernote, Vimeo, and WeTransfer.

Airtable secured much than $1.4 cardinal successful task backing earlier this woody and erstwhile commanded a valuation exceeding $11 cardinal astatine the tallness of the 2021 tech boom, according to TechCrunch.

Goldman Sachs Bank Europe SE and J.P. Morgan are acting arsenic co-financial advisors to Bending Spoons. Willkie Farr & Gallagher LLP is serving arsenic Bending Spoons' ineligible counsel. Airtable is being advised by AXOM Partners LLC and Latham & Watkins LLP.