Bending Spoons chief pursues software acquisitions as AI valuation slump hits sector
Bending Spoons' CEO is looking to buy software companies while AI-related valuation declines reshape the market. The Milan-based company completed its purchase of Airtable in September and agreed to acquire collaboration platform Miro for $1.36 billion that same month.
Bending Spoons, based in Milan, is pursuing software acquisitions while falling valuations tied to AI reshape the sector. Its CEO is seeking such deals as market conditions shift.
In September, the company completed its purchase of Airtable. That same month, it agreed to acquire Miro, a collaboration platform, for $1.36 billion. These moves show Bending Spoons buying software assets during a period of AI-linked valuation declines.
If Bending Spoons continues buying software firms, employees and customers of acquired companies could see changes in product direction, pricing, or support. Consolidation may reduce choices for users and alter competitive dynamics for smaller software makers. A broader AI valuation slump could shift investment priorities, potentially affecting innovation and job stability across the tech sector. These outcomes are uncertain and depend on how deals are managed.