Bending Spoons announced on 2026-09-10 that it has entered a definitive agreement to acquire Miro for an enterprise value of $1.355 billion in an all-cash transaction, with an equity value of roughly $1.79 billion including Miro's net cash. The deal is expected to close in the fourth quarter of 2026, subject to regulatory approval. Nothing about Miro's pricing, free plan, or product has changed, and nothing has been announced. What follows separates the confirmed facts from the acquirer's track record, because the second is what everyone is actually asking about and it is not the same thing as a prediction.
TL;DR
- Confirmed: $1.355bn enterprise value, all-cash, announced 2026-09-10, closing expected Q4 2026 subject to approvals
- Confirmed: Miro has around $600m in annual recurring revenue, nearly 4 million paying users, 250,000 customers, and roughly 90% of revenue from business and enterprise
- Confirmed: certain Miro shareholders are reinvesting $295m of proceeds into new Bending Spoons equity
- Bending Spoons has stated it plans to "invest substantially in the fundamentals that its customers value: performance, reliability, and functionality"
- Not announced: any change to Miro's pricing, free plan, or roadmap. The deal has not closed
- The reason people are worried: what happened to Evernote after Bending Spoons bought it, covered below with sources
What the announcement actually says
From Bending Spoons' own release: enterprise value $1.355 billion, equity value approximately $1.79 billion, all-cash, with $295 million of shareholder proceeds reinvested into newly issued Bending Spoons equity. Miro figures given in the release: around $600 million ARR, nearly 4 million paying users across 250,000 customers, and more than 750 customers spending over $100,000 a year.
On plans, the release says: "After closing, we plan to invest substantially in the fundamentals that its customers value: performance, reliability, and functionality that supports critical collaborative work."
That is the entire official position on the product. Anyone telling you what Miro's prices will be next year is guessing.
Why people are nervous anyway
Because Bending Spoons has bought several well-known products and the pattern after those acquisitions is documented.
Evernote. Bending Spoons acquired it in November 2022 and cut 129 roles in February 2023 (TechCrunch). In December 2023 the free plan was restricted to 50 notes and one notebook (Engadget). Existing free users above the limit kept read, edit, delete and export access but could not create new notes beyond it. Evernote's own framing at the time was that most free users fell below the threshold anyway.
Others in the portfolio include Vimeo, WeTransfer, AOL and, weeks before Miro, Airtable.
Two honest caveats about applying that to Miro. First, Evernote was a consumer product with a large free base and a small paying one; Miro is roughly 90% business and enterprise revenue with four million paying users, which is a materially different business and a different set of incentives. Second, a stated intention to invest in performance and reliability is not the same sentence as "free tiers are safe," and it is also not nothing.
What a Miro user should actually do
Right now: nothing urgent. The deal has not closed and no changes have been announced. Panic-migrating a working team tool on an announcement is how you lose a quarter.
Worth doing this month: know your export path. Not because of this deal specifically, but because this is the moment people discover they never checked. Confirm you can get your boards out in a format you can use, and that whoever owns the account knows how.
Worth watching: the free tier. If your usage depends on Miro's free plan, that is the part of the product most exposed to a change in owner economics, on the evidence of Evernote. Miro's free plan today is three editable boards with unlimited collaborators.
Worth doing at renewal, not before: reprice. If you are on a per-member plan, the acquisition is a reasonable prompt to check whether the seats you pay for match the seats that open the product. That is true regardless of who owns it.
Where we sit, said plainly
We make 8frame, which is a creative canvas, so treat this section as interested. Our honest position has not changed because of this news: we are a real alternative to Miro for creative and visual work (moodboards, campaign boards, reference collection, creative review), and we are not an alternative for workshops, sprint ceremonies, diagramming, or enterprise administration. We have no sticky notes, no voting, no timers, no flowchart shapes. If those are what your boards are made of, Miro and Mural are the products for that job and an acquisition does not change it.
What did not change on our side: the canvas is free and unlimited with real-time collaboration, and AI generation is the paid layer from $19/month.
If you are evaluating, the fuller comparisons are Miro alternatives for creative teams and best free Miro alternatives, both of which name where the competition wins.
FAQ
Is Miro shutting down? No. It is being acquired, subject to regulatory approval, with closing expected in Q4 2026. Nothing suggests a shutdown.
Will Miro get more expensive? Nothing has been announced. Bending Spoons has raised prices at products it acquired before, and Miro is a different kind of business from those. Anyone stating a future price is speculating.
What happens to the Miro free plan? No change announced. It is three editable boards with unlimited collaborators today. The Evernote precedent is why people are asking, and it is a precedent rather than a plan.
Should I export my boards? Knowing how to is sensible now; doing it in a hurry is not. Treat it as the prompt to check a process you should already have.
When does the deal close? Expected in Q4 2026, subject to required regulatory approvals and customary closing conditions.
Nothing has changed yet, and the useful response to an acquisition announcement is knowing your export path rather than switching tools in a week. If your boards are creative rather than procedural, see how the alternatives compare. The 8frame canvas is free and unlimited, and generation is paid from $19/month.