Bending Spoons Closes $233 Million Acquisition of Brightcove

Bending a spoon, The technology company based in Italy has completed the previously announced acquisition of the American technology company Brightcove Inc. (NASDAQ: BCOV) for $ 4.45 per share (or approximately $ 233 million), in a transaction with poor. The definitive acquisition agreement was concluded in November 2024.

Luca Ferrari, CEO and co -founder of the bending Stoons, said: “It is with a great pleasure and deep sense of responsibility that we can now welcome Brightcove into the bending of Stoons of leading digital businesses. We are looking forward to learning from the current Brightcove team and we are sure that the expertise we have accumulated, and the proprietary technologies that we developed to bending latches will help Brightcove to achieve new heights. We intend to own and operate Brightcove for a long time and provide significant value of our large global customer base for many years. ”

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Marc Debevoise, CEO and director of Brightcove, said today: “Brightcove has been a successful leader of SAAS for 20 years as the first pioneer and innovator on the streaming market and now as a leading video involvement. The Brightcove team and the Board of Board of Directors were pleased to bring this valuable result for shareholders and the placement of Brightcove to continue to be successful in the bending of latches. ”

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In November 2024, the transaction was unanimously approved by Brightcove’s Board of Directors and today it was closed after satisfying all the required conditions, including the approval of Brightcove shareholders. As a result of the acquisition, Brightcove has become a privately held company and its ordinary shares will no longer be listed on any public stock exchange.

Lazard Frères & Co. LLC worked as the exclusive financial advisor to Brightcove and Goodwin Procter LLP served as a legal advisor to the company.

Latham & Watkins LLP served as a legal advisor to bending latches. EY Advisory Spa provided the financial and tax services of DUE diligence. JP Morgan and Wells Fargo served as advisors of the merger and acquisitions of the company.

Brightcove creates the most reliable, scalable and safest technological solutions for streaming in the world to create a greater connection between companies and their audience, regardless of where they are or on which devices they consume. In more than 60 countries, Brightcove’s intelligent video involvement allows businesses to sell businesses more efficiently to customers, media leaders to stream and stare more reliably, and every organization that could communicate more strongly with team members. With two EMMY® technology and engineering prices for innovations, a time that continues to lead the industry, and unrivaled scalability, Brightcove constantly shifts the limits of what the video can do.