Bending Spoons vs United Internet

6-K Financial Filing Analysis for Bending Spoons (2026-09-10)

On September 10, 2026, Bending Spoons entered into a definitive merger agreement to acquire visual collaboration platform RealTimeBoard, Inc. (d/b/a Miro) through its subsidiary Bending Spoons US Inc. The all-cash transaction values Miro at an enterprise value of $1.355 billion and an implied equity value of approximately $1.79 billion including net cash. As part of the transaction structure, certain Miro shareholders agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity. The deal is slated to close in Q4 2026, subject to customary regulatory approvals, with an outside termination date set for September 10, 2027.

• Bending Spoons agreed to acquire Miro (RealTimeBoard, Inc.) at an enterprise value of $1.355 billion and an equity value of approximately $1.79 billion in cash.
• Certain Miro shareholders will reinvest $295 million of their cash proceeds into newly issued Bending Spoons equity.
• The transaction is expected to close in Q4 2026, with an outside long-stop termination date of September 10, 2027.

6-K Financial Filing Analysis for Bending Spoons (2026-10-02)

On October 2, 2026, Bending Spoons S.p.A. closed two add-ons to its existing senior secured term loan B facilities due 2031, consisting of a $1.25 billion USD tranche and a €395 million EUR tranche. Both tranches priced on September 25, 2026, following successful syndication managed by a consortium of major institutional bookrunners including JPMorgan, BNP Paribas, Goldman Sachs, HSBC, and UniCredit. The substantial multi-currency debt expansion provides Bending Spoons with significant liquidity and capital resources, reinforcing its balance sheet to support ongoing operational scaling and strategic M&A initiatives.

• Closed a $1.25 billion USD-denominated senior secured Term Loan B add-on due 2031 on October 2, 2026 (priced September 25, 2026).
• Closed a €395 million EUR-denominated senior secured Term Loan B add-on due 2031 on October 2, 2026 (priced September 25, 2026).
• Syndicated across major international financial institutions with JPMorgan Chase, BNP Paribas, Goldman Sachs, HSBC, and UniCredit serving as active joint physical bookrunners.

Founders Dispatch: Bending Spoons' Bargain Acquisitions and Scale-Up Europe Fund

In the second episode of the podcast 'Founders Dispatch', Stefan Köppl of Samira Advisors and Jakob Steinschaden discuss Italy's Bending Spoons, a tech giant with a $24 billion valuation, and its aggressive acquisition strategy in Europe. The company has bought Miro for $1.8 billion (90% below peak) and Airtable for $1.3 billion (80% discount), following a playbook of mass layoffs and cash flow optimization. The episode also covers the Scale-Up Europe Fund, a €5 billion EU fund managed by EQT, which has rapidly made five investments, including in IceEye, Lovable, and a €3 billion round in Mistral AI. Mistral's challenges with profitability and a 'neo-cloud' strategy are highlighted. The discussion touches on Europe's sovereignty dilemma, noting Samsung's investment in Mistral and the broader question of technological independence.

• Bending Spoons has a $24 billion market valuation.
• Miro was acquired for $1.8 billion, 90% below its peak valuation.
• Airtable was acquired for $1.3 billion, an 80% discount from peak.

Wechsel im Vorstand der United Internet AG

Ad-hoc-Mitteilung: Konzerntöchter 1&1 AG und IONOS Group SE beschließen Transformationsprogramme; Korrektur einer Ad-hoc-Mitteilung; Wechsel im Vorstand.

Wechsel im Vorstand der United Internet AG

United Internet announces a change in its Executive Board, along with a correction of an ad-hoc announcement and a major announcement that its subsidiaries 1&1 AG and IONOS Group SE have decided on transformation programs.

Ad-hoc-Mitteilung nach Art. 17 MAR: Konzerntöchter 1&1 AG und IONOS Group SE beschließen Transformationsprogramme

Am 10.09.2026 veröffentlichte United Internet eine Ad-hoc-Mitteilung, dass die Konzerntöchter 1&1 AG und IONOS Group SE Transformationsprogramme beschlossen haben. Zudem wurde eine Korrektur einer früheren Ad-hoc-Mitteilung wegen eines redaktionellen Fehlers veröffentlicht.