Vimeo is obtained by bending the spoon in a $ 1.38 billion deal

Vimeo video platform Declare On Wednesday, she agreed to obtain it by Bending Spoons, one of the largest mobile phone applications in Europe, in a deal of all the engraving of about $ 1.38 billion.

The deal is expected to be closed in the fourth quarter of 2025, taking into account the conditions of the usual closure and organizational approvals. Vimeo will be removed from exchanges once the deal is closed.

This advertisement comes at a time when the curvature spoons were interested in Possible acquisition of Vimeo As it returns to March 2024.

“In the bending spoons, we gain companies with the expectation that they can be owned and operated indefinitely, and we look forward to achieving the full Vimeo capabilities with our arrival to new horizons together.” press release.

“In particular, after the closure, we are determined to make ambitious investments in the United States and other priority markets, and all major areas of business, which extend both for the offers of Creator and institutions,” continued. “We will focus on achieving more stars of performance and reliability, bringing advanced features to more customers, and continuing to issue strong and responsible features on artificial intelligence.”

Bending Spoons contains a pattern of acquisition companies, then lay off the employees and cut features. For example, bending spoons Evernote’s blogging and management application in 2022after that The company has been demobilized Most of its employees in the United States and Chile and transfer operations to Europe in 2023. Close Linux and old old versions From the application, then go to Heavy restrictions On the free layer of application in 2024.

Another example, bending spoons Wetnsfer In July 2024, then it was demobilized 75 % of its employees After a few weeks. Two months later, Wetransfer started Reducing free users on 10 transfers per month.

Founded in 2004, Vimeo Weaving from IAC (interactivecor) In 2021, it becomes an independent company circulating for the public. Since then, the company has lost approximately 90 % of its market value, prompting leadership to consider strategic options, according to Bloomberg.

The CEO of Vimeo Philip Moyer said in the press statement that Benending Spoons is committed to expanding the Vimeo product in all sectors, which include self -service, OTT/Vimeo and Vimeo Enterprise.

“We are enthusiastic about this partnership, which we believe will open a greater focus for our team and customers and we continue to seek to achieve our global mission to be the most innovative and reliable video platform in the world for companies.”