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Bending Spoons to take video platform Vimeo private in $1.38 billion deal.
deals & business :: 2025-09-10 :: source - reuters
By Reuters
(Reuters) - Technology conglomerate Bending Spoons will buy video hosting platform Vimeo for about $1.38 billion in cash and take it private, the companies said on Wednesday.
Vimeo shareholders will get $7.85 in cash for each share they own, according to the statement.
Bending Spoons plans to expand Vimeo's products across self-service tools, over-the-top (OTT) streaming via Vimeo Streaming and enterprise offerings for businesses, Vimeo CEO Philip Moyer said.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Sahal Muhammed)
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