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Brightcove (BCOV) entered a merger agreement on November 25, 2024, to be acquired by Evernote parent Bending Spoons in an all-cash deal valued at $233 million.
As part of the agreement, Brightcove shareholders will receive $4.45 per share in cash, representing a 39.50% premium from the stock’s last close.
Brightcove provides cloud-based video streaming solutions for live and on-demand content, enabling businesses, media, and organizations worldwide to connect with audiences through reliable and scalable technologies. Headquartered in Boston, it serves industries across regions with platforms for video marketing, enterprise communications, and over-the-top streaming.
Bending Spoons is an Italian technology company that develops and operates a suite of popular digital products, including Evernote, Meetup, Remini, Splice, StreamYard, and WeTransfer. Serving over 200 million monthly users across the globe, it leverages proprietary technology to deliver innovative solutions in productivity, content creation, streaming, and community building.
After the transaction is closed, expected in the first half of 2025, Brightcove will transition to a privately held company.
Bending Spoons is buying Brightcove for 0.71 times its sales.
For a comprehensive overview of this merger and acquisition transaction, please follow this link:
Deal Metrics for the acquisition of Brightcove Inc. (BCOV) by Bending Spoons
The Deal Metrics page provides detailed information such as:
Disclaimer: This article is meant for informational purposes only. Please conduct your own due diligence prior to buying or selling any securities mentioned herein. The accuracy or completeness of the content or data provided in this article is not guaranteed.
Editor’s Note: Baranjot Kaur contributed to this article