Feed: Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics
Feed Link: https://www.engadget.com/
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Title: Evernote and WeTransfer owner Bending Spoons is set to buy Vimeo for
$1.38 billion

Date: Wed, 10 Sep 2025 15:56:02 +0000
Link: https://www.engadget.com/entertainment/stream...

Vimeo is set to get a new owner. Bending Spoons ΓÇö the parent of Evernote,
WeTransfer, Meetup and fellow video streaming platform Brightcove ΓÇö plans
to take the company into private ownership in an all-cash, $1.38 billion
deal. Stockholders will receive $7.85 per share, quite a bit more than the
$4.82 Vimeo closed at on Tuesday (the price jumped significantly after the
announcement, of course).

Vimeo's directors unanimously approved the takeover. The acquisition is
expected to close by the end of the calendar year, pending shareholder
approval, closing conditions and regulatory approval.

Once seen as a competitor to YouTube, Vimeo has shifted focus over the two
decades it's been around. It used to be a go-to hosting option for
filmmakers, but these days it's more oriented toward business users. Vimeo
does not permit content scraping or generative AI models to train on any
video it hosts without the uploader's permission, perhaps making it an
enticing video-hosting service for enterprise users. More recently, Vimeo
started bringing back its TV apps, two years after killing those off in an
ill-advised move.

Bending Spoons, meanwhile, has a track record of gutting the companies it
takes over. It bought Evernote in 2022 and laid off most of the note-taking
service's workers the following year. Bending Spoons bought WeTransfer last
year and a few weeks later, it announced plans to fire three-quarters of the
file-sharing platform's staff.

This article originally appeared on Engadget at
https://www.engadget.com/entertainment/stream...
owner-bending-spoons-is-set-to-buy-vimeo-for-138-billion-
155602681.html?src=rss

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