Bending Spoons Agrees to Buy Airtable for $1.285 Billion
Bending Spoons has agreed to acquire Airtable in an all-cash deal worth $1.285 billion in enterprise value, with an implied equity value of about $2.25 billion, the Italian software group announced on August 4, 2026.
The boards of both companies unanimously approved the transaction, which covers 100% of Airtable's outstanding shares and is expected to close later in 2026 subject to regulatory approval, according to Bending Spoons' investor relations announcement and Businesswire's report on the deal.
The Numbers Behind the Deal
Airtable's acquisition price sits far below the valuation investors assigned it at the height of the software boom, even though the company kept growing revenue.
| Metric | Figure |
|---|---|
| Enterprise value | $1.285 billion |
| Implied equity value | about $2.25 billion |
| Airtable ARR (June 2026) | about $480 million (+20% year over year) |
| Airtable peak valuation (2021) | $11 billion |
| Bending Spoons IPO valuation (July 1, 2026) | $18 billion |
Airtable's annual recurring revenue reached about $480 million by June 2026, growing more than 20% year over year, according to the companies' joint announcement - a growth rate that makes the size of the valuation reset unusual.
The Bending Spoons Playbook: Cut Costs, Consolidate, Re-Platform
Bending Spoons has applied the same acquisition playbook to WeTransfer, Meetup and Evernote: cut costs, consolidate features, and re-platform the product soon after closing. That pattern is well documented across all three deals and gives Airtable customers a reliable basis for predicting what changes are coming once this acquisition closes.
The speed matters for Airtable's roughly 500,000 customer organizations: Bending Spoons has moved quickly after each prior close, not gradually, and its acquisitions of WeTransfer, Meetup and Evernote all saw pricing, feature, or infrastructure changes within the first year.
The Migration-Audit Checklist for Airtable Customers
EU and UK businesses running critical workflows on Airtable should start a migration-risk audit now, before any post-close changes are announced, not after.
That audit should map which workflows depend on Airtable-specific automations or integrations, estimate the cost and time of moving those workflows to an alternative platform, and flag which contracts or pricing tiers could change once Bending Spoons controls the roadmap - the same three areas that shifted first at WeTransfer, Meetup and Evernote after their acquisitions closed.
What Happens Next
The deal is expected to close later in 2026, pending customary regulatory approvals, according to Bending Spoons' announcement.
Until the transaction closes, Airtable continues operating independently, but the closing itself - not any later product announcement - is the point at which Bending Spoons gains the authority to start applying its playbook, according to the terms disclosed by both companies.
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