Eventbrite, Inc. is set to be acquired by Bending Spoons in a deal valued at approximately $500 million.
Eventbrite stockholders will receive $4.50 per share in cash.
The acquisition aims to accelerate Eventbrite's growth and innovation capabilities.
Acquisition Details
Eventbrite stockholders will receive $4.50 per share in cash, representing an 82% premium over the 60-day average share price.
Expected Closure
The acquisition is expected to close in the first half of 2026, subject to regulatory approvals and stockholder agreement.
Transition to Private
After the transaction, Eventbrite will become a privately held company and delist from public stock exchanges.
Advisors Involved
Skadden, Arps, Slate, Meagher & Flom LLP and Allen & Company LLC advise Eventbrite, while Simpson Thacher & Bartlett, LLP and J.P. Morgan advise Bending Spoons.
Eventbrite's Impact
Eventbrite, a global events marketplace, distributed over 83 million paid tickets to over 4.7 million events in 2024, fostering experiences worldwide.
- The acquisition presents an opportunity for Eventbrite to leverage Bending Spoons' expertise and resources for future growth and innovation.
- Eventbrite's transition to a privately held entity may allow for more strategic decision-making and focus on long-term objectives.
The acquisition of Eventbrite by Bending Spoons marks a significant chapter in the experience economy, promising enhanced event experiences and continued innovation.