The Pulse: Bending Spoons' Acquisition Strategy

Bending Spoons has announced buying Airtable for $1.285B in cash this week - which is less than the $1.4B in total funding Airtable has raised in the past, and well below the $11B valuation it had during its last fundraise in December 2021. Selling to Bending Spoons is a company admitting defeat, and its inability or unwillingness to turn its business around, and wanting to get the highest possible cash for the business. Because this is what Bending Spoons is excellent at: they pay the highest c