TICKETING and live-events platform Eventbrite is being bought by Italy-headquartered technology conglomerate Bending Spoons in a proposed deal worth about US$500 million.
Eventbrite administers one of the leading apps used by organisers across Asia Pacific to help process attendees and promote events.
Bending Spoons owns Brightcove, Evernote, komoot, Meetup, Remini, StreamYard, Vimeo, WeTransfer and other digital businesses. Last month, it had announced an agreement to acquire American internet portal AOL. This followed a $1.38 billion acquisition of video platform Vimeo.
For two decades, Eventbrite has stood at the forefront of the experience economy, helping tens of millions to create, discover, and attend unforgettable events.”
– Luca Ferrari, Bending Spoons CEO and Co-Founder.
“Joining forces with Bending Spoons will accelerate innovation and strengthen Eventbrite’s tools and resources to bring even more people together through shared live experiences for many years to come,” Bending Spoons CEO Luca Ferrari added.
“As longstanding fans, we’ve identified a few opportunities that we’re excited about exploring with the Eventbrite team after closing the transaction. These include building a dedicated messaging feature, introducing AI for easier event creation, improving searchability, and creating a system for the secondary ticket market. We’re committed to investing in Eventbrite for the long run, and hope we’ll be able to help it reach new heights.”
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Julia Hartz, Eventbrite Co-Founder, CEO, and Executive Chair, said: “Eventbrite helped unlock something profoundly human: the need to gather, to connect, and to build community around the passions we share. What began as an unmet need – to empower local creators and community leaders to bring people together – has grown into a global movement that has shaped millions of meaningful experiences and helped event-goers find their people in moments that matter most.
“There has never been a more important time to bring the world together in real life. As we look ahead, I’m energized by the speed, resources, and innovative power of Bending Spoons to propel Eventbrite into its next chapter. “
The Eventbrite acquisition is subject to regulatory approvals and approval by Eventbrite’s shareholders.
