FILE PHOTO: Bending Spoons CEO Luca Ferrari poses for a portrait in Milan, Italy, October 17, 2024. REUTERS/Claudia Greco/File Photo
(Reuters) - Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app developer Bending Spoons for about $1.38 billion, a deal that would take it private after more than four years of its debut.
Vimeo shareholders will get $7.85 in cash for each share owned — implying a 63% premium to the stock's last close. Its shares jumped more than 60% to $7.74.
