A historic move for the Italian tech industry. Bending Spoons, the Milanese company famous for apps such as Evernote and Remini, announces the acquisition of Vimeo, the US video platform listed on the stock exchange, in an operation entirely in cash for a value of 1.38 billion dollars.
The agreement, which marks one of the most important acquisitions ever for an Italian tech company, establishes a change of ownership of great prestige. Vimeo’s shareholders will receive 7.85 dollars per share, a 91% prize compared to the average price of the last two months. A more than dignified exit for the historic protagonist of online videos.
Acquisition
The interest of the AD Luca Ferrari and his team had manifested himself in the spring of 2024, as Bloomberg had anticipated. In the meantime, the company, which has designed immune and has developed the IA for the Remini app, closing several financing rounds, the last of which from 500 million euros to August. And on the plate he brought a proposal that convinced the managers of the New York company.
“We are impatient to welcome Vimeo to the Bending Spoons wallet,” said Ferrari. The purchase is not just a financial move: it represents the will of Bending Spouions to consolidate itself as a global player in the sector of digital platforms and video content, competing directly with the large giants in the sector.
With this operation, Bending Spousons is consolidated as one of the most dynamic and visionary European realities of the global tech, capable of enhancing historical brands by integrating them with cutting -edge technologies. In turn, Vimeo will have access to new resources and skills to compete with renewed vigor in a market dominated by giants such as YouTube.
Investments in the USA
The acquisition of Vimeo represents for Bending Spouions much more than a financial transaction: it is a fundamental strategic piece in the expansion plan of the Milanese company. With a portfolio that already includes established brands such as Wetransfer, Remini, Evernote and Meetups, Bending Spotons thus consolidates its presence in the digital content market, aiming to create an integrated ecosystem of services for professionals and companies.
Ferrari also confirmed the group’s will to continue with ambitious investments in the United States and in other priority markets, focusing on innovation and artificial intelligence:
We will focus on achieving even more excellent levels of performance and reliability, on the introduction of advanced features to an increasing number of customers and the continuous release of powerful features based on responsible artificial intelligence.
The story of Vimeo
Founded in 2004 as an alternative to YouTube, Vimeo has gradually transformed, becoming from community for avant -garde B2B platform. Its core business is now aimed at companies and professionals, offering advanced tools for streaming, distribution and management of video content.
The acquisition marks the beginning of a new phase for Vimeo. At the end of the operation, scheduled for the fourth quarter of 2025 after the approval of shareholders and regulatory authorities, the platform will return to be a private company, leaving the share market.
