Bending Spoons Agrees To Buy Eventbrite For $500M To Revive Stalled Brand

Bending Spoons Agrees To Buy Eventbrite For $500M To Revive Stalled Brand

Bending Spoons Acquires Eventbrite for $500M Bending Spoons, the tech revitalization company, has agreed to purchase Eventbrite for roughly $500 million, a fraction of the $1.76 billion valuation it held at its 2018 IPO. The acquisition highlights Bending Spoons’ growing strategy of buying well-known but underperforming tech companies. Industry insiders are closely watching how the firm plans to reinvigorate the ticketing platform’s growth. Credits:Eventbrite Eventbrite, founded in 2006 by Julia and Kevin Hartz alongside Renaud Visage, became a celebrated events marketplace and ticketing platform. Over its first 12 years as a private company, it raised approximately $330 million from top investors like Sequoia Capital and Tiger Global Management. Despite its early success, growth stalled in recent years, leaving the brand ripe for revitalization. A Strategy Beyond Traditional Private Equity Unlike conventional private equity firms, Bending Spoons focuses on companies it intends to hold lon…