Vimeo, the long-standing video platform born from the early days of web creativity, is formally set to hitch the portfolio of Milan-based Tech conglomerate Bending Spoons in a deal valued at roughly €1.1 billion.

The acquisition, introduced as we speak, is predicted to finalise within the fourth quarter of the 12 months, pending regulatory approvals and shareholder consent. As soon as accomplished, Vimeo can be delisted from the inventory alternate and change into a privately held firm.

“Particularly, after closing, we’re decided to make bold investments within the US and different precedence markets, and all key areas of the enterprise, spanning each the creator and enterprise choices,” mentioned Luca Ferrari, CEO and co-founder of Bending Spoons. “We’ll deal with attaining much more stellar ranges of efficiency and reliability, bringing superior options to extra prospects, and persevering with to launch highly effective and accountable AI-enabled options.”

Based in 2013, Bending Spoons is cellular app developer identified for buying brand-recognised digital platforms and reorienting them towards operational effectivity, typically involving notable restructuring.

The deal locations Vimeo alongside an increasing listing of manufacturers that features WeTransfer, Evernote, Hopin, komoot, Meetup, and Remini – a few of which have undergone notable organisational restructuring after acquisition.

Particularly, WeTransfer noticed 75% of employees laid off inside weeks of the acquisition. Though Bending Spoons has but to substantiate post-acquisition plans for Vimeo employees, the precedent could possibly be trigger for concern.

After buying Evernote in 2022, the corporate shuttered its US and Chile operations, moved its base to Europe, and reduce help for legacy apps. Free tiers of each Evernote and WeTransfer have been then restricted considerably after employees reductions. These actions gasoline hypothesis that Vimeo could also be heading in direction of a leaner, extra business mannequin post-acquisition.

“After a disciplined assessment of strategic options, the Board unanimously decided that this all-cash transaction delivers compelling, sure worth to Vimeo shareholders and positions the corporate to speed up its strategic roadmap as a part of Bending Spoons,” mentioned Glenn H. Schiffman, Chairman of the Board. “We’re assured they’re the fitting long-term accomplice for our prospects, workers, and model.”

Bending Spoons lately raised greater than €500 million in debt, as reported by EU-Startups, reportedly to finance this actual acquisition.

Based in 2004, Vimeo grew to become an unbiased, publicly traded firm in 2021 after being spun off from Barry Diller’s IAC. Initially boosted by the distant work surge through the pandemic, the platform struggled to keep up that momentum post-2022. Because the spin-off, its market worth has dropped almost 90%, prompting Vimeo’s management to discover strategic options.

Regardless of this, Vimeo nonetheless holds a outstanding area within the video infrastructure marketplace for companies, notably in OTT streaming and enterprise video providers.

The $7.85 per share provided to Vimeo shareholders represents a 91% premium over the corporate’s 60-day volume-weighted common as of 9 September 2025.

“We’re enthusiastic about this partnership, which we imagine will unlock even better focus for our workforce and prospects as we proceed to try in direction of our world mission to be essentially the most progressive and trusted video platform on this planet for companies,” mentioned Philip Moyer, CEO of Vimeo. “Luca and his workforce are dedicated to increasing our product throughout all segments: Self-Serve, OTT/Vimeo Streaming, and Vimeo Enterprise.”

As soon as the deal closes, Vimeo’s capital inventory will not be publicly traded. The corporate has additionally introduced it is not going to maintain an earnings name for Q3 2025 however will launch written earnings outcomes to fulfil its obligations through the transition interval.

With Bending Spoons rumoured to be prepping for a possible IPO within the close to future, the addition of Vimeo may considerably bolster its enterprise providing within the US market – assuming it survives the chop.