Acquisitions
Bending Spoons is public. Go audit your subscriptions.
The Milan roll-up that owns Evernote, WeTransfer and Harvest listed on Nasdaq on July 1 with a stated pipeline of 1,000-plus more targets — here is how to check your own stack.
If you run a small team, one company may already own several tools you pay for. Bending Spoons listed on Nasdaq on July 1 under the ticker BSP. It owns Evernote, WeTransfer, Harvest, Meetup, StreamYard, Issuu, Komoot, Brightcove, Vimeo, Eventbrite, Tractive and AOL. Its prospectus says it has identified more than 1,000 further digital businesses as possible targets, with combined 2025 revenue approaching $400 billion.
The five-minute audit
Open your card statement or your billing inbox and check for: Harvest, WeTransfer, Evernote, StreamYard, Meetup, Eventbrite, Vimeo, Komoot, Issuu. Count how many you find. That number is your exposure.
What the record actually shows
Two changes are documented and dated:
- Evernote — acquired early 2023. Free accounts capped at 50 notes and one notebook, announced late November 2023, effective December 4. Roughly ten months after close.
- WeTransfer — acquired July 2024. Free plan capped at 10 transfers per rolling 30 days in December 2024, about five months after close. The same change raised the free size limit from 2GB to 3GB, so it was a re-cut rather than a pure reduction.
Layoffs followed several deals, including Vimeo in January 2026. The grace period, where there was one, ran in months.
Correcting the number
The $1.68 billion figure in circulation is the whole offering. Bending Spoons itself nets $933 million; the rest went to shareholders selling their own stock. The company carries about $4.9 billion of debt pro forma and paid $93 million in interest in Q1 alone, against $120 million of operating income. Revenue was $601 million for the quarter, with net income of $27.5 million against a $112 million loss a year earlier. The IPO money is not what drives monetization. The debt is.
Do this before renewal
For each tool on your list, export your data now and confirm the format is one a competitor can ingest. Note your renewal date. Watch for the tells: a pricing page quietly rewritten, a support forum thread about limits, staff departures. The prospectus says it intends "to hold and operate the businesses we acquire indefinitely." Assume the tool stays. Assume the price moves.
Why it matters
One owner now controls a meaningful slice of the tools a small team runs on, and its documented pattern after buying a product is to cut the free tier and raise prices within months, not years. Exporting your data and knowing your renewal dates now is cheaper than reacting after a pricing page changes.
Sources
- Bending Spoons S.p.A. Final Prospectus (57,971,015 ordinary shares) — Bending Spoons S.p.A. / SEC filing (primary)
- Bending Spoons defies SaaS slump, surges 40% on first day of trading — TechCrunch
- What is Bending Spoons? The little-known AOL and Vimeo owner that's now public — TechCrunch
- Bending Spoons raises $1 billion in IPO to fund more software acquisitions — Axios
- Bending Spoons prices IPO at $29 per share on Nasdaq — Investing.com
- It's official: Evernote will restrict free users to 50 notes — TechCrunch
- Evernote is reportedly testing a severely restricted plan for free users — Engadget
- WeTransfer's free plan now has a monthly limit of 10 transfers — TechCrunch
- How do limits on the number of transfers work? — WeTransfer Support (primary)
Reported by Software Crit from the sources above. Every story is confirmed against at least two independent publishers before publication.
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