Vimeo, a leading video platform for business, is set to be acquired by Bending Spoons in a $1.38 billion all-cash transaction.
Shareholders will receive $7.85 per share in cash, representing a 91% premium over the 60-day average share price.
The acquisition reinforces Bending Spoons' commitment to innovation in the video platform market.
Acquisition Details
Vimeo will become privately held after the acquisition, no longer listed on any public exchange.
Positive Outlook
Vimeo's Board of Directors unanimously approved the transaction, expecting to close in the fourth quarter of 2025.
Focused Vision
Bending Spoons plans to make ambitious investments in key markets and enhance Vimeo's performance and features.
- The acquisition signals a significant move in the video platform industry, with implications for Vimeo's future direction and services.
- The deal reflects Bending Spoons' strategy of acquiring leading brands with a global reach and driving long-term growth through innovative solutions.
The acquisition of Vimeo by Bending Spoons represents a strategic partnership that is expected to unlock new opportunities and enhance the video platform's offerings.