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Bending Spoons signs definitive agreement to acquire Airtable for $1.285 billion

Bending Spoons signs definitive agreement to acquire Airtable for $1.285 billion

The cash deal values Airtable far below its 2021 peak as Bending Spoons adds a large no-code software platform to its expanding portfolio.

Fact Check
The official Businesswire press release distributed by the companies confirms the exact claim: an all-cash definitive agreement to acquire Airtable at an enterprise value of $1.285 billion. Reuters independently corroborates the deal value and all-cash structure. The $1.285 billion enterprise value is far below Airtable's 2021 peak valuation (~$11 billion), consistent with the claim's framing. All primary facts are confirmed by both the originating company press release and an independent wire service.
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Summary

Bending Spoons has agreed to buy Airtable for $1.285 billion in cash, a valuation that marks a sharp reset from Airtable’s $11.7 billion peak in 2021. The all-cash transaction implies roughly $2.25 billion of equity value once Airtable’s net cash is included. Airtable serves more than 500,000 organizations, including 80% of Fortune 100 companies, and generates about $480 million in annual recurring revenue, growing more than 20% year over year. Founded in 2012, the company sits in the no-code and low-code software market, where teams use its spreadsheet-like interface and database features to build workflows without writing code. Bending Spoons, which listed on Nasdaq on July 1, 2026 and raised about $1.68 billion in its IPO, is making the purchase as its first acquisition as a public company. It also bought AOL in January 2026 and Eventbrite in March. The deal still needs customary regulatory approvals and is expected to close later in 2026, with both companies operating independently until then.

Terms & Concepts
  • annual recurring revenue: Subscription revenue expected to repeat over a year.
  • no-code platform: Software that lets users build applications or workflows without writing code.
  • enterprise value: A company’s market value plus debt, minus cash.