Vimeo, the online video platform that has struggled to compete against the likes of YouTube and TikTok, agreed to a $1.38 billion, all-cash takeover by European mobile app developer Bending Spoons.

The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March 2024.

Vimeo agreed to be acquired by European tech company Bending Spoons in an all-cash deal valued at approximately $1.38 billion.

Vimeo is getting bought up by Bending Spoons, a European software company that has amassed a growing portfolio of businesses, ...

Bending Spoons, meanwhile, has a track record of gutting the companies it takes over. It bought Evernote in 2022 and laid off most of the note-taking service's workers the following year. Bending ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell ...

This report is a partnership between WrapPRO and PitchBook, the go-to financial data and software platform that provides ...

Italian tech giant Bending Spoons has agreed a $1.38 billion deal to acquire Vimeo, which will see the company taken private. The deal has been unanimously approved by Vimeo’s board of directors, and ...

Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom are advising Italian technology company Bending Spoons on its $1.38 billion acquisition of American video hosting and sharing platform Vimeo.

Video streaming site Vimeo (NASDAQ:VMEO) has entered into a definitive agreement to be acquired by Bending Spoons in an all-cash transaction valued at about $1.38 billion. Under the terms of the ...