Workflow
Italy's Bending Spoons to take Vimeo private in $1.38 billion deal
Yahoo Finance·2025-09-10 21:00

By Jaspreet Singh and Elvira Pollina (Reuters) - Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app developer Bending Spoons for about 1.38billion,adealthatwouldtakeitprivateaftermorethanfouryearsofitsdebut.Vimeoshareholderswillget1.38 billion, a deal that would take it private after more than four years of its debut. Vimeo shareholders will get 7.85 in cash for each share owned — implying a 63% premium to the stock's last close. Its shares jumped more than 60% to $7.74. The company, spun off from American media executive and e ...