Vimeo is going private: The video platform, at one time a would-be competitor to YouTube, has agreed to be acquired by European tech company Bending Spoons , in an all-cash deal valued at approximately $1.38 billion.

Bending Spoons, based in Milan, Italy, has acquired a number of digital technology businesses, including Evernote, Issuu, Meetup, Remini, StreamYard, Splice and WeTransfer. The company claims its products are currently used by more than 300 million people each month.

Bending Spoon’s acquisition of Vimeo, which was unanimously approved by Vimeo’s board of directors, is expected to close in the fourth quarter of 2025, subject to Vimeo stockholder approval and customary closing conditions and regulatory approvals. Once the transaction closes, Vimeo will become a privately he

See Full Page