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0.00226244343891418 0.00226244343891418 0.00226244343891418 0.00219457013574672 0 0 6.78733031674636E-05 0.00223981900452489
Stock impact report

Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand [TechCrunch]

Eventbrite, Inc. Class A (EB) 
Last eventbrite, inc. class a earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: TechCrunch
Just like many of Bending Spoons' previous acquisitions, including Evernote, Meetup, Vimeo, and AOL, Eventbrite has a strong brand, but the company's business has stopped growing, according to audited financials. The events marketplace and ticketing company was co-founded in 2006 by the husband-and-wife team, Julia and Kevin Hartz, and Renaud Visage. During its 12 years as a private business, the one-time tech darling raised approximately $330 million in venture capital from top investors such as Sequoia Capital and Tiger Global Management. Unlike traditional private equity firms, Bending Spoons buys companies that it intends to hold forever, aiming to turn them profitable by cutting costs, raising prices, and introducing new product features. In October, Bending Spoons announced a massive $270 million funding round that valued the company at $11 billion Besides Bending Spoons, other investors follow the strategy of acquiring, fixing, and holding stalled software firms, often r Show less Read more
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