MILAN, Aug 4 (Reuters) - Bending Spoons has agreed to bargain Airtable successful an all-cash woody valuing the U.S. package patient astatine $1.285 billion, the companies said connected Tuesday, marking the Italian exertion company's first acquisition since its Nasdaq debut past month.
Founded successful 2013, Airtable offers a package level that combines spreadsheet and database capabilities, allowing companies to build applications and negociate operational workflows without coding expertise.
Bending Spoons has built a estimation for acquiring and restructuring integer businesses, pursuing a strategy that blends exertion operations pinch a backstage equity-style acquisition model.
Airtable becomes the company's first acquisition since its flotation and follows purchases this twelvemonth of net marque AOL and ticketing level Eventbrite, continuing an fierce description strategy.
Bending Spoons said Airtable's existent nett rate position implies an equity worth of astir $2.25 billion.
The transaction is expected to adjacent by the extremity of the year, taxable to regulatory approvals and closing conditions.
Bending Spoons shares closed astatine $36.22 connected Monday, good supra their IPO value of $29.
(Reporting by Elvira PollinaEditing by Keith Weir)
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