The owner of Vimeo has agreed to acquire Miro, a company with Russian roots, for $1.4 billion

The Italian company Bending Spoons, which owns the video service Vimeo, has agreed to acquire Miro, the developer of a collaboration platform, for $1.36 billion. The deal continues a series of major acquisitions by the technology group, which in recent years has been actively buying up mature and declining IT assets, according to Bloomberg.

Taking into account Miro’s net cash, the total value of the company under the deal will be approximately $1.79 billion, according to a statement from Bending Spoons. It will pay for the acquisition in cash. Some of Miro’s shareholders have agreed to reinvest $295 million of the proceeds they will receive from the sale into new shares of Bending Spoons. The transaction is expected to close in the fourth quarter of 2026, following receipt of the necessary regulatory approvals.

Miro was founded in 2011 by Andrei Khusid in Perm and currently has headquarters in San Francisco and Amsterdam. Its annual recurring revenue (ARR) is approximately $600 million, with nearly 90% coming from corporate clients and large businesses, according to Bloomberg. The platform has nearly 4 million users, according to a statement from Bending Spoons.

Bending Spoons shares rose as much as 9.6% during trading on September 10, reaching $41.37. This is the highest level since September 4.

Bending Spoons specializes in acquiring companies whose products are losing popularity or have already passed their peak, according to Bloomberg. After an acquisition, the group cuts costs and raises product prices. Bending Spoons’ portfolio includes the news and entertainment website AOL and the video service Vimeo. In July, the company held an IPO in the U.S., raising $1.68 billion.

On September 4, Bending Spoons also closed a deal to acquire Airtable, the owner of a cloud-based spreadsheet platform. In August, the company announced a $2.25 billion deal—significantly lower than Airtable’s valuation at the peak of demand for tech companies during the pandemic, Bloomberg notes. Airtable develops tools that allow employees without technical skills to create their own applications. In recent years, companies in the AI sector, among others, have begun using these tools, the agency concludes.

Since Bending Spoons went public in July 2026, its stock has risen 31%. The average target price for the company’s stock is $48.25, which is approximately 28% higher than the closing price on September 9.

Eight analysts recommend buying the company's stock, three are neutral, and one advises selling the stock, according to MarketWatch.

This article was AI-translated and verified by a human editor