Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app ...

Vimeo agreed to be acquired by European tech company Bending Spoons in an all-cash deal valued at approximately $1.38 billion ...

Bending Spoons, meanwhile, has a track record of gutting the companies it takes over. It bought Evernote in 2022 and laid off most of the note-taking service's workers the following year. Bending ...

Vimeo's stock has soared close to the $7.85 per-share price that Italian technology company Bending Spoons has agreed to pay for the video-platform company.

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.

The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March 2024.

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