GoKawiil
Tech News
A securities filing showed Berkshire Hathaway purchased 10 million new shares of Bending Spoons at $33 each, a $330 million investment that pushed the Italian software acquirer's stock up 35%. This follows Berkshire's earlier $600 million investment made when Bending Spoons went public on the Nasdaq in July, bringing its total stake to 4%.
Federico Simionato, a product leader at Bending Spoons, posted on X announcing significant layoffs at Airtable. The brief, matter-of-fact tone of the post drew sharp criticism from users, with one commenter calling it the most unempathetic statement they had ever read.
Bending Spoons, the tech company behind Vimeo, AOL and Airtable, received roughly 800,000 job applications last year but hired only 286 people, according to a Fortune report. The company warns candidates upfront about its demanding culture, including blunt feedback, frequent restructurings and a willingness to part ways with underperformers. Its hiring process includes practical assessments such as online tests that can take up to six hours.
Following its $1.38 billion purchase of Vimeo, Milan-based Bending Spoons has reduced staff and reorganized internal teams at the video platform. The company says it is prioritizing fixes to smaller usability issues that Vimeo users have frequently flagged as problems.
Italian software company Bending Spoons is acquiring workplace collaboration platform Miro in a $1.36 billion cash deal, valuing the equity at $1.79 billion. That figure represents a roughly 92% drop from the $17.5 billion valuation Miro commanded in late 2021 during the pandemic-driven remote work boom. Despite the steep markdown, Miro reports $600 million in annual recurring revenue, over four million paying users, and profitability with $435 million in net cash.
Bending Spoons has signed a definitive agreement to acquire collaboration software maker Miro at an enterprise value of $1.355 billion, translating to an equity value of roughly $1.79 billion once Miro's net cash is factored in. Some Miro shareholders will reinvest $295 million of their payout into newly issued Bending Spoons stock, and the all-cash deal still requires regulatory and other customary approvals.