Published 2 days ago • loading... • Updated 21 hours ago

Vimeo Enters Into Definitive Agreement to Be Acquired by Bending Spoons for $1.38 Billion

On Wednesday, video platform Vimeo agreed to be acquired by Bending Spoons in an all-cash transaction valued at $1.38 billion, paying shareholders $7.85 per share with closing expected in the fourth quarter of 2025.
Bending Spoons' interest dates to March 2024 as Vimeo lost nearly 90% of its market value after spinning off from IAC, prompting leadership to explore strategic options while pivoting in recent years.
Bending Spoons CEO Luca Ferrari said the firm plans to own companies indefinitely with ambitious US investments, while Vimeo CEO Philip Moyer highlighted expanding Self-Serve, OTT/Vimeo Streaming, and Vimeo Enterprise.
As a result of the agreement, Vimeo will be delisted from exchanges, becoming privately held, and the company does not expect a third quarter of 2025 earnings call, said Vimeo's Board of Directors.
The deal positions Bending Spoons to expand into enterprise video and AI-enabled services, reaching over 300 million users, but layoffs and feature cuts at Evernote and WeTransfer raise concerns.

Insights by Ground AI

38 Articles

Bending Spoons acquires Vimeo for $1.38B, its largest deal yet - Tech Startups

The Milan-based app developer Bending Spoons announced Wednesday it will acquire video platform Vimeo in an all-cash deal worth $1.38 billion, marking the largest acquisition in the company’s history. Once the transaction closes later this year, Vimeo will be taken […] The post Bending Spoons acquires Vimeo for $1.38B, its largest deal yet first appeared on Tech Startups.

1 day ago

Read Full Article

Silicon Republic

Center

Italy's Bending Spoons snaps up video platform Vimeo for $1.38bn

Italian-based Bending Spoons continues to expand its tech portfolio with the latest $1.38bn acquisition of video platform Vimeo. Read more: Italy’s Bending Spoons snaps up video platform Vimeo for $1.38bn

1 day ago

Read Full Article