Vimeo Enters into Definitive Agreement to Be Acquired by Bending Spoons for $1.38 Billion

Core Points - Vimeo, Inc. has entered into a definitive agreement to be acquired by Bending Spoons in an all-cash transaction valued at approximately $1.38 billion, with shareholders receiving $7.85 per share, representing a 91% premium over the 60-day volume-weighted average share price as of September 9, 2025 [1][2][3] Group 1: Transaction Details - The acquisition has been unanimously approved by Vimeo's Board of Directors and is expected to close in the fourth quarter of 2025, pending customary closing conditions and approvals [3] - Upon completion, Vimeo will become a privately held company, and its capital stock will no longer be listed on any public stock exchange [3] Group 2: Strategic Intent - The Board believes this transaction delivers compelling value to Vimeo shareholders and positions the company to accelerate its strategic roadmap as part of Bending Spoons [2] - Bending Spoons aims to make ambitious investments in the US and other priority markets, focusing on enhancing performance and reliability, and introducing advanced features [2] Group 3: Company Background - Vimeo is recognized as one of the world's most innovative video experience platforms, serving millions of users, including creative storytellers and large corporations [6] - Bending Spoons has a diverse portfolio of digital technology businesses, serving over 300 million users and 10 million paying customers each month [8]