Vimeo is getting bought up by Bending Spoons, a European software company that has amassed a growing portfolio of businesses, ...
The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March 2024.
Vimeo agreed to be acquired by European tech company Bending Spoons in an all-cash deal valued at approximately $1.38 billion.
Vimeo, the online video platform that has struggled to compete against the likes of YouTube and TikTok, agreed to a $1.38 billion, all-cash takeover by European mobile app developer Bending Spoons.