Bending Spoons Acquires Eventbrite for $500mn, Expands Its Digital Commerce Portfolio

Bending Spoons, a private European company valued at $11bn, has acquired Eventbrite for $500mn and Vimeo for $1.4bn, both previously public companies. Bending Spoons pays premiums of 80-90% based on depressed stock prices, betting that new management and M&A can restore value. The company has high-class backing and aims to reimagine user interfaces and monetization engines to make its companies successful and never sellable.