Vimeo acquired by Bending Spoons US in $1.38 billion cash deal, delisted from Nasdaq
NeutralFinancial Markets

- Vimeo has been acquired by Bending Spoons US in a cash deal valued at $1.38 billion, resulting in its delisting from Nasdaq. This acquisition marks a significant shift in Vimeo's corporate structure and future direction.
- The merger is expected to bolster Vimeo's market position and expand its service offerings, reflecting a strategic move to enhance growth and shareholder value. The approval from shareholders indicates strong confidence in the new direction under Bending Spoons US.
- This acquisition highlights a broader trend of consolidation in the tech and media sectors, where companies seek to enhance their competitive edge and diversify their services amid evolving market demands.
— via World Pulse Now AI Editorial System



