Bending Spoons to Acquire Miro for $1.355B, a ~90% Markdown from Peak

Bending Spoons signed a definitive agreement on Sept 10 to acquire collaboration whiteboard maker Miro at an enterprise value of $1.355B, implying an equity value of about $1.79B including net cash (2.3x ARR). The deal is expected to close in Q4 2026 pending regulatory approval. Against Miro's 2022 funding valuation of roughly $17.5B, this represents a nearly 90% markdown, making it a landmark deal in the SaaS valuation reset and the cooling of the collaborative workspace market.

Confirmed

@ericwdolan reported that Bending Spoons officially announced the deal in a "BREAKING" post, confirming the transaction at $1.355B.
@shashib laid out the full structure: $1.355B enterprise value, $1.79B implied equity value including net cash, 2.3x ARR; signed Sept 10, expected to close Q4 2026 pending regulatory approval. This reconciles the $1.355B vs. $1.79B figures circulating in earlier posts.
@MartinGTobias analyzed the deal as 89.8% below Miro's last round valuation, a classic down round acquisition.
Multiple posts (@ayushtweetshere, @JosephJacks) confirmed Miro's 2022 valuation of $17.5B, implying a 92% markdown.
@JosephJacks noted this is part of Bending Spoons' streak of bargain SaaS acquisitions: Miro at $1.36B (peak $17.5B), Airtable at $1.285B (peak $11.7B), Eventbrite at $500M (peak $3B); @shashib added that Bending Spoons closed another acquisition just a week earlier, on Sept 4.

Why it matters

@thedealdirector relayed the investor commentary "GTM is destiny" — Miro's product reputation didn't prevent a steep discount sale, prompting reflection on SaaS business models.
Bending Spoons' serial bargain hunting suggests that in a valuation reset, cash-rich buyers are acquiring well-known SaaS assets far below peak prices, potentially reshaping the collaborative workspace market.

2026-09-10 ~ 2026-09-12 · 6 related posts

Primary sources

Bending Spoons buys Miro for $1.355B, about 2.3x its $600M ARR, after closing Airtable — shashib · 2026-09-12 19:18 (UTC+08:00)
Fede announces $1.355B deal to acquire Miro — ericwdolan · 2026-09-10 21:14 (UTC+08:00)
Bending Spoons Buys Miro for $1.79B, an 89.8% Haircut From Its Last Round — MartinGTobias · 2026-09-11 23:37 (UTC+08:00)

[source] Fede announces $1.355B deal to acquire Miro — ericwdolan · 2026-09-10
Bending Spoons scoops up Miro for $1.36B as SaaS valuations crash from peak — JosephJacks_ · 2026-09-10
Miro reportedly agrees to $1.355B acquisition deal — thedealdirector · 2026-09-11
Miro sold to Bending Spoons for $1.355B, a 92% drop from its $17.5B 2022 valuation — ayushtweetshere · 2026-09-11
[source] Bending Spoons Buys Miro for $1.79B, an 89.8% Haircut From Its Last Round — MartinGTobias · 2026-09-11
[source] Bending Spoons buys Miro for $1.355B, about 2.3x its $600M ARR, after closing Airtable — shashib · 2026-09-12