Vimeo Announces Agreement to be Acquired by Bending Spoons for $1.38 Billion in All-Cash Deal
Reuters
Sep 10
Vimeo Announces Agreement to be Acquired by Bending Spoons for $1.38 Billion in All-Cash Deal
Vimeo Inc. has announced that it is set to become a privately held company following its acquisition by Bending Spoons. The transaction has received unanimous approval from Vimeo's Board of Directors and is anticipated to be finalized in the fourth quarter of 2025. Upon completion, Vimeo's shares will no longer be traded on any public stock exchange. Luca Ferrari, CEO and co-founder of Bending Spoons, expressed enthusiasm for the acquisition, highlighting plans for significant investments in the U.S. and other key markets to enhance Vimeo's offerings. Vimeo CEO Philip Moyer stated that the partnership with Bending Spoons is expected to bolster the company's focus and innovation in the video platform space.
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