Vimeo today announced that it has reached an agreement to be acquired by Bending Spoons for a value of approximately $1.38 billion. The acquisition is expected to close by the fourth quarter of 2025.
With this acquisition, Vimeo will operate as usual as a company under the Bending Spoons portfolio, while continuing to develop various features involving video, hosting and related things.
Bending Spoons has previously acquired and operated a number of brands under their ownership, including Evernote, Meetup, and WeTransfer. Around 300 million users worldwide are now using services under Bending Spoons today.
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BUSINESS & MONEY