Bending Spoons to Buy Vimeo for $1.38B

Vimeo is set to go private after agreeing to be acquired by European tech company Bending Spoons in an all-cash deal valued at approximately $1.38 billion.

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Based in Milan, Italy, Bending Spoons has built a portfolio of digital businesses including Evernote, Issuu, Meetup, Remini, StreamYard, Splice, and WeTransfer. Its products reach more than 300 million monthly users worldwide. The acquisition, unanimously approved by Vimeo’s board of directors, is expected to close in the fourth quarter of 2025, pending shareholder and regulatory approvals. Once finalized, Vimeo will no longer trade on public markets.

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Founded in 2004 as a spinoff of CollegeHumor, Vimeo became part of IAC in 2006 before spinning off as a public company in 2021. Initially positioned as a general video platform and even briefly exploring a Netflix-style service for independent filmmakers, Vimeo eventually pivoted toward business-focused video streaming solutions.

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The company recently announced job cuts affecting nearly 10% of its staff as part of a cost-efficiency effort. According to Glenn H. Schiffman, Vimeo’s chairman, the deal represents strong value for shareholders while enabling Vimeo to accelerate its strategic roadmap with Bending Spoons’ backing.

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Bending Spoons CEO Luca Ferrari described Vimeo as a pioneering brand with a loyal global base of creators and businesses. He emphasized the company’s long-term approach, noting that Vimeo will benefit from ambitious investments across both creator and enterprise services. Vimeo CEO Philip Moyer highlighted that the partnership will allow the platform to sharpen its focus while expanding offerings in self-serve, OTT streaming, and enterprise solutions.

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Under the agreement, Vimeo shareholders will receive $7.85 per share in cash, reflecting a 91% premium over the company’s 60-day volume-weighted average share price as of September 9, 2025.

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