Vimeo Inc. (VMEO) announced Wednesday that it has entered into a definitive agreement to be acquired by Bending Spoons for cash, valuing the company at approximately $1.38 billion.
“At Bending Spoons, we acquire companies with the expectation of owning and operating them indefinitely, and we look forward to realizing Vimeo’s full potential as we reach new heights together,” said Bending Spoons CEO and co-founder Luca Ferrari in a press release.
Vimeo CEO Philip Moyer said in the press release that Bending Spoons is committed to expanding Vimeo’s product across all segments, which include Self-Serve, OTT/Vimeo Streaming, and Vimeo Enterprise.
“We are excited about this partnership, which we believe will unlock even greater focus for our team and customers as we continue to strive towards our global mission to be the most innovative and trusted video platform in the world for businesses,” – Philip Moyer said.
The deal was unanimously approved by Vimeo’s board and is expected to close in the fourth quarter of 2025. The company said that upon completion of the deal, Vimeo will become a private company and its shares will no longer be listed on any public stock exchange.
The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March 2024.
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