Agreement Announcement
Vimeo, Inc. (NASDAQ: VMEO) has entered a definitive agreement to be acquired by Bending Spoons in an all-cash transaction worth approximately 1.38 billion.
Details of the Agreement
- Vimeo shareholders to receive 7.85 per share in cash.
- Represents a 91% premium over Vimeos 60-day average share price.
Board Statements
Glenn H. Schiffman, Chairman of the Board: This transaction delivers compelling, certain value to Vimeo shareholders.
Philip Moyer, Vimeo CEO: Excited about the partnership and committed to expanding product offerings.
Luca Ferrari, Bending Spoons CEO: Determined to make ambitious investments post-acquisition.
Transaction Timeline
- Expected to close in the fourth quarter of 2025 subject to customary closing conditions.
Post-Transaction
- Vimeo to become privately held, delisted from public stock exchange.
Financial Reporting
- No earnings call for Q3 2025; written financial results to be released.
Advisors
- Legal advisors to Vimeo: Skadden, Arps, Slate, Meagher & Flom LLP.
- Financial advisors to Vimeo: Allen & Company LLC.
- Legal advisor to Bending Spoons: Latham & Watkins LLP.
About Vimeo
Vimeo (NASDAQ: VMEO) is a leading video experience platform, promoting high-quality video creation globally.
About Bending Spoons
Bending Spoons serves billions worldwide through its digital technology businesses, emphasizing innovation and customer satisfaction.
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