Bending Spoons to Acquire Vimeo for $1.38 Billion

Bending Spoons, the company behind Evernote, WeTransfer and other tech properties, has agreed to acquire Vimeo in an all-cash deal valued at $1.38 billion. Shareholders will receive $7.85 per share. The transaction is expected to close by the end of the year, subject to shareholder and regulatory approvals.

Key Details

• Deal value: $1.38 billion (all cash)
• Per-share price: $7.85
• Expected close: By the end of the calendar year
• Board approval: Unanimous

What This Means

Vimeo, once a go-to platform for independent filmmakers, has shifted its focus toward business and enterprise video services over the past few years. The company has emphasized privacy protections such as prohibiting content scraping and forbidding generative AI models from training on hosted videos without uploader permission—features that appeal to enterprise customers.

Concerns About Bending Spoons’ Track Record

Bending Spoons has previously acquired Evernote (2022) and WeTransfer (2024), in both cases making significant cuts to staff and streamlining operations. That history has raised concerns among users and employees about potential layoffs and service changes at Vimeo.

Sources

Main coverage: TechCrunch

Originally reported on Engadget; removed per instructions.