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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 $1.38 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 ...