Eventbrite shares surge 78.63% intraday after announcing $500 million all-cash acquisition by Bending Spoons with 82% premium.

Eventbrite surged 78.63% intraday after announcing a definitive agreement to be acquired by Bending Spoons in a $500 million all-cash deal, with shareholders receiving $4.50 per share—a 82% premium over its 60-day volume-weighted average price. The acquisition, subject to regulatory and shareholder approvals, positions Eventbrite for operational and technological enhancements under Bending Spoons’ portfolio, which includes brands like Vimeo and Meetup. The immediate price reaction reflects investor optimism about the premium offer and the strategic value of the deal, aligning with the company’s focus on accelerating growth through Bending Spoons’ resources and innovation capabilities.