Bending Spoons Buys Eventbrite For $500 Million (morningbrew.com)
- Reference: 0180287093
- News link: https://news.slashdot.org/story/25/12/04/1751254/bending-spoons-buys-eventbrite-for-500-million
- Source link: https://www.morningbrew.com/stories/bending-spoons-buys-eventbrite-for-500-million
> The Italian company Bending Spoons seems to be on an acquisitions spree. Their recent [2]acquisitions of AOL and [3]Vimeo are not yet finalized, yet on Dec. 2 they [4]announced they are buying Eventbrite , a company specializing in publicizing and organizing local events, for just half a milliard USD. Bending Spoons' portfolio also includes other companies like [5]Evernote and [6]WeTransfer .
Further reading: [7]Private Equity Hipsters Are Coming For Your Favorite Apps (2024)
[1] https://slashdot.org/~williamyf
[2] https://slashdot.org/story/25/10/29/1631223/aol-to-be-sold-to-bending-spoons-for-roughly-15-billion
[3] https://news.slashdot.org/story/25/09/10/1853252/bending-spoons-buys-video-platform-vimeo-for-138-billion
[4] https://www.morningbrew.com/stories/bending-spoons-buys-eventbrite-for-500-million
[5] https://slashdot.org/story/23/07/10/2318212/evernote-lays-off-most-of-staff-triggering-fears-of-closure
[6] https://tech.slashdot.org/story/24/07/31/1959212/bending-spoons-buys-file-sharing-service-wetransfer
[7] https://tech.slashdot.org/story/24/10/28/1850228/private-equity-hipsters-are-coming-for-your-favorite-apps
Numbers (Score:3)
I see "for just half a milliard USD" - notice that this is the European milliard notation, which is 1000 million.
Everything to confuse...
Re: (Score:2)
Yeah, never heard of a millard.
Re: (Score:3)
In the UK it might at some time have meant a million squared.
Linguistic semantic trap.
Re:Numbers (Score:5, Informative)
No, it's never meant that.
In the UK, million has always meant 10^6. Milliard has always meant 10^9, but has fallen out of favor. Billion used to mean 10^12, but now usually means 10^9. Billiard has always meant 10^15, Trillion used to mean 10^18, and now usually means 10^12.
Re: (Score:2)
> I see "for just half a milliard USD" - notice that this is the European milliard notation, which is 1000 million.
> Everything to confuse...
If you are confused, take a dictionary... The Oxford, Merriam-Webster, Cambridge, and dictionary.com dictionaries would like to have a word with you, and that word is the ENGLISH word Milliard:
Oxford:
[1]https://www.oed.com/dictionary... [oed.com]
Merriam Webster:
[2]https://www.merriam-webster.co... [merriam-webster.com]
Cambridge:
[3]https://dictionary.cambridge.o... [cambridge.org]
Dictionary.com:
[4]https://www.dictionary.com/bro... [dictionary.com]
Also, the acquiring company is italian, and there the word for 109 is "Millardo"
[1] https://www.oed.com/dictionary/milliard_n?tab=factsheet#36897979
[2] https://www.merriam-webster.com/dictionary/milliard
[3] https://dictionary.cambridge.org/dictionary/english/milliard
[4] https://www.dictionary.com/browse/milliard
OK (Score:4, Funny)
Gee, I hope they don't do anything untoward with the company. Without Eventbrite, how else will people find events that fuel their passions and enrich their lives...
well this sucks (Score:5, Interesting)
Eventbrite was an good way for small music venues to sell tickets electronically without have to deal with ticketbastard or axs. Easy to use and low fees for customers. For $500m, there's no way that persists
Re: well this sucks (Score:2)
Ill keep my hopes up for Brown Paper Tickets
Re: (Score:2)
> Eventbrite was an good way for small music venues to sell tickets electronically without have to deal with ticketbastard or axs. Easy to use and low fees for customers. For $500m, there's no way that persists
Next week we'll hear about a "strategic partnership" between Bending Spoons and Ticketbastard while regulators pretend to be shocked, shocked I tell you about it.
Re: (Score:1)
Try ticketstripe.
Re: (Score:2)
Or putting flyers up around town and then paying in good old time tested hard cash at the door.
Re: (Score:3)
IMHO Yes and no....Online ticket sales ok, but with a hefty 20% mark-up. I just pulled two random events in my area $20 face value, plus $5.55 for Eventbrite fee. Another was $40 ticket price, plus $8.85 Eventbrite fee.
Next, the Eventbrite search is abysmal. Search for events, put in a date time range, geo location, and type (Theater, music, comedy) and it's a random output of sponsored slop, incorrect matches (dates waay out of the range, etc) and even missing options that are actually using Eventbrit
Reduced competition (Score:2)
Bending Spoons now owns both Meetup and Eventbrite. I'm surprised it didn't raise an antitrust red flag.
Private Equity Kiss of Death (Score:3)
enshittify the product, saddle it with debt, strip of parts
Re: (Score:2)
> enshittify the product, saddle it with debt, strip of parts
Private equity and betting against success (hedging) should be shit out of the asshole of Capitalism and flushed forever.