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Italian app developer Bending Spoons agreed to acquire workplace collaboration software maker Miro for $1.36 billion, a steep decline from Miro's $17.5 billion valuation in late 2021. The deal reflects a broader markdown in valuations for once high-flying collaboration and productivity software startups. Bending Spoons has been an active acquirer of software and app companies in recent years, and the Miro purchase adds a major workplace tool to its portfolio amid a cooling market for enterprise SaaS valuations.
Sources:TechCrunch