{"id":808559,"date":"2025-02-04T09:17:32","date_gmt":"2025-02-04T14:17:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bending-spoons-closes-233-million-acquisition-of-brightcove\/"},"modified":"2025-02-04T09:17:32","modified_gmt":"2025-02-04T14:17:32","slug":"bending-spoons-closes-233-million-acquisition-of-brightcove","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bending-spoons-closes-233-million-acquisition-of-brightcove\/","title":{"rendered":"Bending Spoons closes $233 million acquisition of Brightcove"},"content":{"rendered":"

<\/p>\n

\nBending Spoons closes $233 million acquisition of Brightcove<\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–
\nBending Spoons, the Italy-based technology company, completed its previously announced acquisition of US-based streaming technology company Brightcove Inc. (NASDAQ: BCOV) for $4.45 per share (or approximately $233 million), in an all-cash transaction. The definitive acquisition agreement was entered into in November 2024.<\/p>\n

\nLuca Ferrari, the Bending Spoons CEO and co-founder, today said of the acquisition: “It’s with great pleasure, and a deep sense of responsibility, that we can now welcome Brightcove into the Bending Spoons portfolio of leading digital businesses. We look forward to learning from the current Brightcove team, and are confident that the expertise we\u2019ve accumulated and the proprietary technologies we\u2019ve developed at Bending Spoons will help Brightcove reach new heights. We intend to own and operate Brightcove for the long-term, providing significant value to its large global customer base for many years to come.\u201d<\/p>\n

\nMarc DeBevoise, Brightcove\u2019s CEO and Director, today said: \u201cBrightcove has been a successful SaaS leader for 20 years, as an early pioneer and innovator in the streaming market and now as a leading video-powered engagement platform. Brightcove\u2019s management team and board are pleased to have delivered this valuable result for shareholders while positioning Brightcove to continue to thrive into the future as part of Bending Spoons.\u201d<\/p>\n

Transaction details<\/b><\/p>\n

\nThe transaction was unanimously approved by Brightcove\u2019s Board of Directors in November 2024, and has closed today following the satisfaction of all the required conditions, including approval by Brightcove\u2019s stockholders. As a consequence of the acquisition, Brightcove has become a privately held company, and its common stock will no longer be listed on any public stock exchange.<\/p>\n

Advisors<\/b><\/p>\n

\nLazard Fr\u00e8res & Co. LLC served as exclusive financial advisor to Brightcove, and Goodwin Procter LLP served as the company\u2019s legal advisor.<\/p>\n

\nLatham & Watkins LLP served as legal advisor to Bending Spoons. EY Advisory SpA provided financial and tax due diligence services. J.P. Morgan and Wells Fargo served as the company\u2019s M&A advisors.<\/p>\n

About Brightcove<\/b><\/p>\n

\nBrightcove creates the world\u2019s most reliable, scalable, and secure streaming technology solutions to build a greater connection between companies and their audiences, no matter where they are or on which devices they consume content. In more than 60 countries, Brightcove\u2019s intelligent video engagement platform enables businesses to sell to customers more effectively, media leaders to stream and monetize content more reliably, and every organization to communicate with team members more powerfully. With two Technology and Engineering Emmy\u00ae Awards for innovation, uptime that consistently leads the industry, and unmatched scalability, Brightcove continuously pushes the boundaries of what video can do.<\/p>\n

\nFor more information, visit Brightcove.com<\/a>.<\/p>\n

About Bending Spoons<\/b><\/p>\n

\nBending Spoons has served a billion people across the globe through its suite of digital technology businesses, including Evernote, Issuu, Meetup, Remini, StreamYard, Splice, and WeTransfer. Its products are currently used by more than 300 million people each month.<\/p>\n

\nFor more information, visit bendingspoons.com<\/a>.<\/p>\n

\nBending Spoons logos and photos: https:\/\/we.tl\/t-VJTJEkg41a<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250204639441\/en\/<\/a><\/span><\/p>\n

Media contacts
\n<\/b>
Christy Keenan
\n
ck@bendingspoons.com
\n<\/a><\/p>\n

Sara Griggs
\n
sgriggs@brightcove.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe United States Italy North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Networks Audio\/Video Data Management Consumer Electronics Technology IOT (Internet of Things) Mobile\/Wireless<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Bending Spoons closes $233 million acquisition of Brightcove BOSTON–(BUSINESS WIRE)– Bending Spoons, the Italy-based technology company, completed its previously announced acquisition of US-based streaming technology company Brightcove Inc. (NASDAQ: BCOV) for $4.45 per share (or approximately $233 million), in an all-cash transaction. The definitive acquisition agreement was entered into in November 2024. Luca Ferrari, the Bending Spoons CEO and co-founder, today said of the acquisition: “It’s with great pleasure, and a deep sense of responsibility, that we can now welcome Brightcove into the Bending Spoons portfolio of leading digital businesses. We look forward to learning from the current Brightcove team, and are confident that the expertise we\u2019ve accumulated and the proprietary technologies we\u2019ve developed at Bending Spoons will help Brightcove … <\/p>\n

Continue reading “Bending Spoons closes $233 million acquisition of Brightcove”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-808559","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBending Spoons closes $233 million acquisition of Brightcove - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bending-spoons-closes-233-million-acquisition-of-brightcove\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bending Spoons closes $233 million acquisition of Brightcove - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bending Spoons closes $233 million acquisition of Brightcove BOSTON–(BUSINESS WIRE)– Bending Spoons, the Italy-based technology company, completed its previously announced acquisition of US-based streaming technology company Brightcove Inc. (NASDAQ: BCOV) for $4.45 per share (or approximately $233 million), in an all-cash transaction. The definitive acquisition agreement was entered into in November 2024. Luca Ferrari, the Bending Spoons CEO and co-founder, today said of the acquisition: “It’s with great pleasure, and a deep sense of responsibility, that we can now welcome Brightcove into the Bending Spoons portfolio of leading digital businesses. We look forward to learning from the current Brightcove team, and are confident that the expertise we\u2019ve accumulated and the proprietary technologies we\u2019ve developed at Bending Spoons will help Brightcove … Continue reading "Bending Spoons closes $233 million acquisition of Brightcove"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bending-spoons-closes-233-million-acquisition-of-brightcove\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-04T14:17:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250204639441r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bending-spoons-closes-233-million-acquisition-of-brightcove\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bending-spoons-closes-233-million-acquisition-of-brightcove\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bending Spoons closes $233 million acquisition of Brightcove\",\"datePublished\":\"2025-02-04T14:17:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bending-spoons-closes-233-million-acquisition-of-brightcove\\\/\"},\"wordCount\":559,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bending-spoons-closes-233-million-acquisition-of-brightcove\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250204639441r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bending-spoons-closes-233-million-acquisition-of-brightcove\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bending-spoons-closes-233-million-acquisition-of-brightcove\\\/\",\"name\":\"Bending Spoons closes $233 million acquisition of Brightcove - 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