Bending Spoons to acquire Vimeo in $1.38B all-cash deal

Vimeo, the video platform for businesses and creators, has entered into a definitive agreement to be acquired by European mobile app developer Bending Spoons for approximately $1.38 billion in cash. Under the terms of the deal, Vimeo shareholders will receive $7.85 per share, representing a 91% premium over the company’s 60-day average share price. The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions.

Once the acquisition is completed, Vimeo will transition to a privately held company, and its shares will be delisted from public stock exchanges. Vimeo’s Board of Directors unanimously approved the agreement, citing the cash transaction as a strategy to deliver immediate value to shareholders while enabling the company to pursue its strategic initiatives under new ownership.

Founded in 2004 and spun off from IAC in 2021, Vimeo has struggled to maintain its market value in recent years, losing nearly 90% since its independent listing. The company operates multiple business segments, including Self-Serve, OTT/Vimeo Streaming, and Vimeo Enterprise, which will continue to be a focus under Bending Spoons’ ownership.

Bending Spoons has a history of acquiring technology companies across various sectors. The firm previously acquired Evernote in 2022 and WeTransfer in 2024, with subsequent organizational restructuring and operational changes reported post-acquisition.

Financial and legal advisory teams for the transaction include Skadden, Arps, Slate, Meagher & Flom LLP and Allen & Company LLC for Vimeo, and Latham & Watkins LLP, J.P. Morgan, Wells Fargo, and BNP for Bending Spoons.

The acquisition aligns with Bending Spoons’ broader strategy of expanding its portfolio of digital platforms and technologies, which currently reach over 300 million users globally. The company has indicated plans to invest in Vimeo’s operations across key markets, particularly in the United States, and to develop AI-enabled features alongside existing creator and enterprise offerings.

Vimeo CEO Philip Moyer commented that the partnership will enable the company to maintain focus on its global mission as a video platform while accessing resources to expand product development and market reach.