Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal

Video platform Vimio Declaration Wednesday it agreed to acquire one of Europe’s largest mobile app developers with a flexible spoon in the highest-$ 1.38 billion dollars worth of $ 1.38 billion.

The agreement is expected to be closed in the fourth quarter of 2025, subject to traditional closing conditions and regulatory approval. Once the agreement is closed, the Vimio will be listed from the Exchange.

This announcement came when the bend spoon was interested in Vimioer Back as March 2024.

“In the bend spoon, we acquire companies with their ownership and management of their indefinitely, and as we reach new heights together we are expecting to realize the full potential of Vimio,” the CEO and co-founder of Bending Sponne Luca Ferrari said in A. Press release.

“In particular, after closing, we are expanding both in the United States and other priority markets and in all the main areas of the business to invest in ambitious investment, both the creator and enterprise offers,” he said. “We will focus on achieving more performance and reliability, to bring advanced characteristics to more customers and to continue to publish strong and responsible AI-capable features.”

There is a pattern to achieve companies in bend spoon, then sprinkle the staff and cut the features. Spoon Taking notes in 2022 and earned the Task Management App EvernotAfter which The company is off Most of it has been removed from the United States and Chile workers and the operation in Europe in 2023. Then EVERNOT Close Linux and Old Inheritance Editions The app, and then proceeded Put heavy restrictions In the free tire of the app in 2024.

In another instance, spoon -bend Waitransfare Lying down on July 2024 and after 75% of its staff A few weeks later. A few months later, the waitransfare started To restrict 10 transfer of users to free Every month

Established in 2004, Vimio Cut from IAC (interactivecorp) In 2021, it has become an independent, public transaction company. Since then, the company has lost about 90% of its market prices, requested the leadership to consider the strategic options, according to BlombergThe

Vimio CEO Philip Myer Press said in a press release that the flexible spoons were committed to expanding Vimio products in all categories, which include self-service, OTT/Vimo Streaming and Vimio Enterprise.

“We are excited about this partnership, which we believe that we will unlock more focus for our team and customers because we’re trying to be the world’s most innovative and trusted video platform for business.”