Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand
The acquisition price for the events marketplace is a fraction of the $1.76 billion valuation it achieved during its 2018 IPO.
The acquisition price for the events marketplace is a fraction of the $1.76 billion valuation it achieved during its 2018 IPO.
An investor explains the “buy, fix, and hold” model employed by Bending Spoons and similar companies that buy distressed startups.
Bending Spoons remains largely unknown, even as its portfolio of products has served more than a billion people.
Wednesday’s news marks a new chapter for AOL, which was once one of the most recognized brands on the internet, known for its email service and “You’ve Got Mail” notification.
The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March 2024.