Italian tech giant Bending Spoons has agreed a $1.38 billion deal to acquire Vimeo, which will see the company taken private.
The deal has been unanimously approved by Vimeo’s board of directors, and is expected to close in the fourth quarter of 2025, subject to customary closing conditions and approvals.
Luca Ferrari, Bending Spoons CEO and co-founder, said the company intends to make “ambitious” investments in Vimeo, spanning both its creator and enterprise offerings.
“We’ll focus on achieving even more stellar levels of performance and reliability, bringing advanced features to more customers, and continuing to release powerful and responsible AI-enabled features,” he added.
“Bending Spoons has tremendous respect for the Vimeo team, our customers and the creator community we serve,” added Philip Moyer, Vimeo CEO. “Luca and his team are committed to expanding our product across all segments: Self-Serve, OTT/Vimeo Streaming, and Vimeo Enterprise.
“We are excited about this partnership, which we believe will unlock even greater focus for our team and customers as we continue to strive towards our global mission to be the most innovative and trusted video platform in the world for businesses.”
Bending Spoons acquired streaming technology company Brightcove last November in a deal worth $233 million.
