Feed: Slashdot
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Title: Bending Spoons Buys Video Platform Vimeo for $1.38 Billion

Link: https://news.slashdot.org/story/25/09/10/1853...

Bending Spoons has entered a definitive agreement with Vimeo to purchase the
video platform for $1.38 billion. From a report: Per the agreement, Bending
Spoons will acquire Vimeo in an all-cash transaction and take Vimeo (VMEO), a
public company, private. Vimeo shareholders will receive $7.85 per share in
cash when the transaction closes. [...] Vimeo, once a significant player in
the streaming video space, has lost massive ground to other platforms,
including YouTube, in recent years. Rather than fight a losing battle in the
creator space, Vimeo has catered more toward business and enterprise users
lately.

Read more of this story at Slashdot.

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