"Video platform Vimeo has agreed to be acquired by Italian technology company Bending Spoons in a deal valued at $1.38 billion (£1.1bn). The all-cash transaction will see Vimeo shareholders receive $7.85 per share, a 91% premium on the company's 60-day average closing price as of 9 September 2025. The transaction, unanimously approved by Vimeo's board, is expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approvals."
"Founded in Milan, Bending Spoons is known for acquiring and scaling digital products, including productivity apps and creator tools. CEO and co-founder Luca Ferrari described Vimeo as a "pioneering brand in the video space" with a global community of creators and businesses. Ferrari said the acquisition fits Bending Spoons' model of owning and operating companies "indefinitely" and promised ambitious investments in the US and other priority markets."
The deal values Vimeo at $1.38 billion and will pay shareholders $7.85 per share, a 91% premium to the 60-day average closing price as of 9 September 2025. The all-cash transaction was unanimously approved by Vimeo’s board and is expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approvals. Once completed, Vimeo will delist and become privately held. Bending Spoons plans to invest in performance, reliability, enterprise and creator offerings, and roll out AI-enabled features with a focus on responsibility. Executives expressed confidence that the acquisition will accelerate Vimeo’s roadmap and focus.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]