Bending Spoons agreed to acquire Miro in an all-cash deal valuing the business at an enterprise value of $1.355bn. The acquisition fits Bending Spoons' buy-and-hold model, where the firm buys digital businesses, overhauls them, and holds them long-term. Chief executive Luca Ferrari stated that 'We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception,' adding that the company plans to 'invest substantially in the fundamentals that its customers value: performance, reliability, and functionality that supports critical collaborative work.'

Miro generates around $600m in annual recurring revenue, with nearly 90% from business and enterprise customers, close to 4 million paying users, and more than 750 customers contributing over $100,000 annually. The price tag represents a steep discount from its 2021 peak valuation of $17.5bn. Some Miro shareholders are reinvesting $295m into newly issued Bending Spoons equity. The transaction, unanimously approved by both boards, is expected to close in the fourth quarter of 2026, subject to regulatory approvals.