Vimeo, a leading video platform, enters into a definitive agreement to be acquired by Bending Spoons for $1.38 billion in an all-cash transaction.
Shareholders to receive $7.85 per share in cash, representing a 91% premium over 60-day average share price.
The acquisition reflects Bending Spoons' commitment to innovation in the video platform market.
Acquisition Deal
Vimeo to be acquired by Bending Spoons for $1.38 billion in all-cash transaction.
Shareholder Benefits
Each Vimeo shareholder will receive $7.85 per share, a 91% premium over the average share price.
Strategic Roadmap
The acquisition will accelerate Vimeo's strategic roadmap as part of Bending Spoons.
Leaders' Remarks
Both CEOs express enthusiasm for the partnership, emphasizing product expansion and brand commitment.
- The acquisition, approved by Vimeo's Board, is expected to close in Q4 2025, subject to customary approvals.
- Upon completion, Vimeo will become a privately held company, delisted from public stock exchanges.
- No earnings call for Q3 2025, written earnings results to be released as per SEC rules.
The acquisition marks a significant milestone for Vimeo, signaling new opportunities for growth and innovation under Bending Spoons' ownership.