Bending Spoons S.p.A.

(NASDAQ:BSP) said Tuesday it has agreed to acquire Airtable in an all-cash transaction.

The deal values Airtable at an enterprise value of $1.285 billion.

Including the company's net cash and cash equivalents, the implied equity value is about $2.25 billion.

The transaction is expected to close later this year, subject to regulatory approvals and customary closing conditions.