Bending Spoons has agreed to buy the US software firm Airtable in an all-cash deal.
The acquisition values Airtable at approximately $1.29 billion. Reports regarding the specific valuation vary, with some figures citing $1.285 billion and others rounding the amount to $1.3 billion.
Founded in 2013, Airtable provides a software platform that integrates spreadsheet and database capabilities.
This transaction represents the first acquisition by the Italian technology company Bending Spoons since its debut on the Nasdaq last month. Bending Spoons' acquisitions earlier this year include the internet brand AOL and the ticketing platform Eventbrite.
Bending Spoons share closing price on Monday
Bending Spoons stated that Airtable's current net cash position implies an equity value of approximately $2.25 billion.
The transaction is expected to close by the end of the year, subject to regulatory approvals and closing conditions.
Bending Spoons shares closed at $36.22 on Monday, following an IPO price of $29.
