Airtable

Airtable, a workflow software company, is being sold for 10% of its peak valuation, signaling a broader SaaS market downturn. The acquisition by Bending Spoons, known for acquiring struggling tech firms like AOL and Vimeo, highlights a shift toward cost-cutting and realistic valuations in the sector.

Bending Spoons agreed to acquire Airtable, a spreadsheet and database software company, for $1.3 billion in an all-cash deal. The transaction values Airtable at an enterprise value of $1.285 billion and an equity value of approximately $2.25 billion. This marks Bending Spoons' first acquisition since going public.

Dialog, an exclusive network founded by Peter Thiel, experienced a data exposure incident where members' personal information was left publicly accessible via a misconfigured app distribution site. The exposed data included dates of birth, contact details, political leanings, and login credentials for approximately 200 high-profile individuals. Dialog attributed the breach to a hack, but the article suggests it resulted from a security misconfiguration rather than a traditional cyberattack.