Video hosting platform Vimeo announced Wednesday that it has agreed to be acquired by Bending Spoons, one of Europe’s largest app developers, in an all-cash transaction valued at approximately $1.38 billion.
The deal, expected to close in the fourth quarter of 2025 pending regulatory approval, will see Vimeo delisted from public exchanges. Bending Spoons had reportedly explored a takeover of Vimeo as far back as March 2024.
“At Bending Spoons, we acquire companies with the expectation of owning and operating them indefinitely,” said CEO and co-founder Luca Ferrari. “After closing, we’re determined to invest ambitiously in the US and other priority markets, expand across creator and enterprise offerings, and continue to release powerful, responsible AI-enabled features.”
The Milan-based company has a track record of acquiring popular platforms and restructuring them. After buying Evernote in 2022, Bending Spoons laid off most U.S. and Chilean staff, shifted operations to Europe, and restricted features on the app’s free tier. Its 2024 acquisition of WeTransfer was followed by a 75% staff reduction and new limits on free usage.
Vimeo, founded in 2004 and spun out of IAC in 2021, has struggled to maintain market value, losing nearly 90% since going public. Bloomberg previously reported that leadership had been exploring strategic alternatives.
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Vimeo CEO Philip Moyer said the partnership would give the company room to expand across its Self-Serve, OTT/Streaming, and Enterprise products. “We are excited about this partnership, which we believe will unlock even greater focus for our team and customers,” he said.
