"Video platform Vimeo announced on Wednesday that it has agreed to be acquired by Bending Spoons, one of Europe's largest mobile app developers, in an all-cash deal valued at approximately $1.38 billion. The deal is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approvals. Vimeo will be delisted from exchanges once the deal closes."
"Bending Spoons has a pattern of acquiring companies, then laying off staff and cutting features. For example, Bending Spoons acquired note-taking and task management app Evernote in 2022, after which the company laid off most of its U.S. and Chile staff and moved operations to Europe in 2023. Evernote then shut down the Linux and older legacy versions of the app, and then proceeded to place heavy restrictions on the app's free tier in 2024."
Vimeo agreed to be acquired by Bending Spoons in an all-cash transaction valued at approximately $1.38 billion, with closing expected in the fourth quarter of 2025 pending customary conditions and regulatory approvals. Vimeo will be delisted from public exchanges after closing. Bending Spoons indicated intentions for long-term ownership, ambitious investments in the U.S. and other priority markets, improvements to performance and reliability, expanded features for creators and enterprises, and continued rollout of AI-enabled capabilities. Past Bending Spoons takeovers, including Evernote and WeTransfer, involved large layoffs, operational shifts, platform shutdowns, and tightened free-tier limits.
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