Bending Spoons, a company that buys and turns around stagnant tech companies, has agreed to buy the company for $500 million, a far cry from the $ 1.76 billion The company plans to go public in 2018.

Like many of the folding ‘past acquisitions, including Evernote, Meverup, Vimeo, and AOL, the brewing business has a strong brand, but the company’s business has stalled financially.

The events market and ticketing company was founded in 2006 by the husband-and-wife team, Julia and Kevin Hartz, and Renaud Visage. During 12 years as a private enterprise, the one-time Tech Darling has been raised approximately $ 330 million In venture capital from leading investors such as Sequoia Capital and Tiger Tables Management.

Unlike traditional private equity firms, it targets spoon companies that seek to keep them cutting costs, and introducing new product features. In October, Confused Spoons announced a whopping $270 million in funding that valued the company at $ 11 Billion.

Aside from spoons, some investors follow the strategy of acquiring, fixing, and holding stalled software firms, which are often referred to as “Venture Zombie” companies. These firms include Constellation Software, curious, small, SAAS.GROUP, Draggersand Calm capital.

Andrew Dumont, Founder and CEO of Curious, told TechCrunch that the firm bought “great companies” at low prices and it was easy for them to live in order to achieve this. 20% to 30% profit margins.

Audited Annual Income of about $ 325 million for both fiscal year 2024 and Fiscal Year 2023. Fising chachers agreed to pay 1005 million of $ 295 million. Despite this seemingly low income many stockholders will receive $ 4.50 in cash per share on the $ 2.4% price of the previous day.