Find XO: Bending Spoons to Acquire Collaboration Tool Miro at Enterprise Value $1.355 billion (investors.bendingspoons.com)
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- Bending Spoons has agreed to buy Miro for an all-cash enterprise value of $1.355 billion.
- This amounts to about 2.3 times the annual recurring revenue of approximately $600 million.
- Though it looks like a crash compared to the $17.5 billion valuation from 2022, the former valuation included growth expectations while the current figure represents the post-cash extraction business value.
- For SaaS founders considering a sale, this multiple is a realistic baseline.
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