Italy's BendingSpoons acquires file transfer service, WeTransfer

Team S · 2024-08-01T17:07:35.000Z

Italy-based Bending Spoons has acquired the file transfer service WeTransfer, though the financial terms of the deal remain undisclosed. WeTransfer, which has grown to 600,000 subscribers and 80 million monthly active users over the past decade, focuses on nurturing creative communities. CEO Alexandar Vassilev expressed confidence that the acquisition will enhance both companies' growth and value in the creative sector. Bending Spoons, known for apps like Evernote and Meetup, has a history of transforming the business models of acquired companies. For instance, it previously limited Evernote's free plan and laid off staff from acquired businesses. While Bending Spoons has not announced specific plans for WeTransfer regarding pricing or staffing, it has pledged to reserve 30% of WeTransfer's advertising space for charitable campaigns and has committed to donating at least $3 million to support emerging artists over the next two years.

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Italy's BendingSpoons acquires file transfer service, WeTransfer | Newnex