Tech news picked on 2026-09-12
MyRealTrip, Former Investor, Acquires All Shares of CreateTrip via Stock Swap
- On September 11, MyRealTrip's board resolved to acquire all shares of CreateTrip via stock swap.
- The company that entered as a strategic investor in 2024 has effectively acquired CreateTrip entirely this year, but the acquisition amount and exchange ratio were not announced.
- This case again shows that strategic investors are often the closest acquisition candidates.
- With stock swaps, the value of the compensation received is tied to the acquiring company's worth, which is noteworthy.
- The Ministry of SMEs and Startups is launching a challenging IR project for tech entrepreneurs with no institutional investment history.
- 142 TIPS operators will hold 300 or more face-to-face IR sessions within the year, but entrepreneurs can submit proposals to only one operator per round.
- Therefore, the outcome is often decided at the stage of choosing which operator to submit a proposal to, rather than on the pitching day itself.
- Preparing by shortlisting operators who actually focus on your field is the first preparation step.
Bending Spoons to Acquire Collaboration Tool Miro at Enterprise Value $1.355 billion
- 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.