Italian company Bending Spoons is acquiring collaboration tool maker Miro for $1.36 billion in cash (equity value of $1.79 billion), a roughly 92% decline from Miro's $17.5 billion valuation in late 2021. Miro has over 4 million paying users and 100 million total users, with annual recurring revenue of about $600 million, and describes itself as an "AI innovation workspace."