Eventbrite Shareholders Greenlight Merger with Bending Spoons

Shareholders of Eventbrite, the global self-service ticketing and marketing platform, have voted in favor of its sale to Italian technology conglomerate Bending Spoons, meaning it will operate as a private company.

Backstory:

• The acquisition was initially announced in December.

• Eventbrite stated that the all-cash deal was worth approximately $500 million (£373 million/€427 million).

• In a statement last December, Bending Spoons CEO and Co-Founder Luca Ferrari said the merger will “accelerate innovation and strengthen Eventbrite’s tools and resources.”

• Bending Spoons also acquired video hosting and sharing platform Vimeo last year for $1.38 billion.

Voting:

• A stockholder meeting on Friday February 27 focused on proposals related to the merger.

• The merger involves Eventbrite, Bending Spoons US, and Everest Merger Sub.

• The latter two are wholly owned subsidiaries of Bending Spoons.

• Everest Merger Sub will combine with Eventbrite, making it a wholly owned subsidiary of Bending Spoons.

• The transaction is still subject to regulatory approvals.