Brightcove Acquired by Bending Spoons for $233 Million
Deal News | Feb 06, 2025 | Goodwin
Brightcove Inc., a prominent provider of video streaming solutions, has been acquired by Bending Spoons US Inc. for approximately $233 million in an all-cash transaction. The acquisition, advised by Goodwin's Technology M&A team, results in Brightcove becoming a privately held entity with its common stock delisted from public exchanges. Under the agreement, Brightcove shareholders received $4.45 per share. Brightcove is renowned for its scalable and secure streaming technology that connects companies with audiences globally, earning accolades such as two Technology and Engineering Emmy Awards. Bending Spoons, with a vast digital portfolio including well-known brands like Evernote and StreamYard, serves over 300 million users monthly.
Sectors
- Technology
- Media
- Corporate Finance
Geography
- United States – Brightcove is a U.S.-based company listed on Nasdaq, and the acquisition by Bending Spoons involves its transition to a privately held company.
- Global – Both Brightcove and Bending Spoons operate on a global scale, with Brightcove providing services in over 60 countries and Bending Spoons' products used by over 300 million people monthly worldwide.
Industry
- Technology – The article involves Brightcove, a company specializing in video streaming technology, and Bending Spoons, which offers a range of digital technology products.
- Media – Brightcove provides a platform for media companies to stream and monetize content, which directly links the transaction to the media industry.
- Corporate Finance – The acquisition of Brightcove by Bending Spoons was facilitated by the advisory services of Goodwin's Technology M&A team, indicating the role of corporate finance advisory in this deal.
Financials
- $233 million – The total value of the all-cash transaction for the acquisition of Brightcove by Bending Spoons.
- $4.45 per share – The cash amount received by Brightcove shareholders per share as per the acquisition agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brightcove Inc. | Target | Company | A provider of video streaming solutions with an intelligent video platform, now acquired by Bending Spoons. |
| Bending Spoons US Inc. | Bidding Company | Company | A digital technology company with a suite of products, acquiring Brightcove to enhance its portfolio. |
| Goodwin | Legal Advisor | Company | The legal team advising Brightcove in the acquisition by Bending Spoons. |