Bending Spoons to Acquire Miro in $1.36 B Deal, Marking Sharp Valuation Drop

Italian mobile‑app developer Bending Spoons announced on Monday that it will purchase online collaboration platform Miro for $1.36 billion, a price that reflects a valuation roughly ten times lower than the $17.5 billion the company commanded at the height of the pandemic‑driven boom in late 2021.

Bending Spoons, best known for its suite of popular consumer apps, has been expanding beyond its core market in recent years, seeking to diversify its portfolio with enterprise‑focused software. The acquisition marks its most significant entry into the workplace‑technology sector to date.

Miro, founded in 2011, grew rapidly as remote work surged, offering a digital whiteboard that lets distributed teams brainstorm, map processes and co‑create in real time. Its valuation peaked in 2021, propelled by venture capital inflows and a surge in demand for cloud‑based collaboration tools.

The stark drop in purchase price underscores a broader correction in the tech‑investment climate. As companies recalibrate spending after years of accelerated remote‑work adoption, valuations for many high‑growth SaaS firms have been reassessed, leading to lower exit multiples and a wave of consolidation.

Industry observers suggest that Bending Spoons sees strategic value in integrating Miro’s visual collaboration suite with its own mobile expertise, potentially delivering a more seamless cross‑platform experience for users. The deal could also provide Miro with additional resources to refine its product roadmap and expand its enterprise sales engine.

While neither party disclosed detailed financial terms beyond the headline amount, analysts note that the transaction may signal a shift toward more pragmatic pricing in the sector, as buyers prioritize sustainable growth over speculative upside.

The acquisition arrives at a time when the market is watching for signs of stability among remote‑work providers. How Bending Spoons leverages Miro’s technology and whether the combined entity can capture a larger share of the post‑pandemic collaboration market will be closely monitored in the months ahead.