Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand | TechCrunch
News Source : TechCrunch
News Summary
- Bending Spoons, a company that buys and revitalizes stagnating tech companies, has agreed to purchase Eventbrite for about $500 million.
- The events marketplace and ticketing company was co-founded in 2006 by the husband-and-wife team Julia and Kevin Hartz, and Renaud Visage.
- Audited annual revenue was flat at about $325 million for both fiscal year 2024 and fiscal year 2023.
- Despite this seemingly low revenue multiple, eventbrite stockholders will receive $4.50 in cash per share, an 81% premium over the previous day’s $2.48 closing price.
Bending Spoons, a company that buys and revitalizes stagnating tech companies, has agreed to purchase Eventbrite for about $500 million, a far cry from the $1.76 billion the company was worth when it [+1731 chars]
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