Italian App Developer Bending Spoons to Acquire Vimeo for $1.38 Billion

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Italian mobile app developer Bending Spoons has reached an agreement to acquire video hosting platform Vimeo in a deal valued at $1.38 billion, Bloomberg reports.

Deal details

The purchase price represents a 91% premium over Vimeo’s average share value for the past 60 days.

The transaction is expected to close in Q4 2025.

The acquisition will be paid entirely in cash, with no stock or asset swaps involved.

Financial advisors on the deal include JPMorgan, Wells Fargo, and BNP.

Vimeo’s decline

Founded in 2004, Vimeo allows users to upload high-quality videos without ads and monetize them through subscriptions. The platform also offers premium editing tools.

Vimeo went public on Nasdaq in 2021 with a valuation of $8 billion. Since then, it has lost around 90% of its market value, prompting management to explore a sale.

At the time of the acquisition announcement, Vimeo’s market capitalization stood at $797 million.

Following the news, trading of Vimeo shares was temporarily suspended until the U.S. markets open on September 10, 2025.

About Bending Spoons

Bending Spoons, best known for popular mobile apps like Splice and Remini, was valued at $2.6 billion in a 2024 funding round.

The company began discussions with banks about financing the Vimeo purchase in March 2024.