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Bending Spoons to Buy Vimeo in $1.38 Billion All-Cash Deal

Vimeo, the online video platform that has struggled to compete against the likes of YouTube and TikTok, agreed to a $1.38 billion, all-cash takeover by European mobile app developer Bending Spoons. Vimeo investors will receive $7.85 a share, representing a 91% premium over the company’s 60-day, volume-weighted average share price as of the close on Sept. 9, according to a statementBloomberg Terminal. The firms said they expect the transaction to close in the fourth quarter. Vimeo will be deliste...

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