The Technology M&A team advised Brightcove Inc. (NASDAQ: BCOV) in its definitive agreement to be acquired by Bending Spoons in an all-cash transaction valued at approximately $233 million. Under the terms of the agreement, Brightcove shareholders will receive $4.45 per share in cash for each share of Brightcove common stock that they own. The per share purchase price represents a 90% premium over Brightcove’s 60-day volume weighted average share price as of the close on November 22, 2024.
The transaction, which was unanimously approved by Brightcove’s Board of Directors, is expected to close in the first half of 2025, subject to customary closing conditions and approvals, including approval by Brightcove’s stockholders, and the receipt of required regulatory approvals. Upon the completion of the transaction, Brightcove will become a privately held company and its common stock will no longer be listed on any public stock exchange.
Brightcove creates the world’s most reliable, scalable, and secure streaming technology solutions to build a greater connection between companies and their audiences, no matter where they are or on which devices they consume content. In more than 60 countries, Brightcove’s intelligent video platform enables businesses to sell to customers more effectively, media leaders to stream and monetize content more reliably, and every organization to communicate with team members more powerfully.
The Goodwin team was led by Joseph Theis, Joshua Zachariah, Tevia Pollard and Stephanie Barbanell, and included Andrew Yu, Kaitlyn Buffaloe, Keelin Anne Fitzsimons, Julia Novick, Aaron Berman, Matt Rosencranz, Jack Rosen, Cassidy Merten, Alexandra Denniston, Eric Graffeo, Jacquelyn Watson, Deborah Birnbach, Grant Michl, Janet Andolina, Kyle Pine, Tyler Mayo, Joel Lehrer, Jacqueline Klosek, Curtis McCluskey, Isabelle Staff, Annabel Loose, Jennifer Fay, Caroline Galiatsos, Kevin Grumberg, Anthony Shaheen, Timothy Kim, Shamila Kara, Andy Lacy, John Goheen, Simone Waterbury, Kevin Walsh, Charlie Stewart, Jacob Osborn, Gozde Guckaya, Liza Craig, Katie Dee, Alexander Vivona, and Brian Mukherjee.
For additional details on the acquisition, please read the press release.