01:58 PM EST, 03/05/2024 (MT Newswires) -- Vimeo ( VMEO ) is the target of a potential acquisition bid by Bending Spoons, Bloomberg News reported Tuesday, citing people familiar with the matter.

Milan-based Bending Spoons, one of Europe's largest mobile app developers, is talking to banks to finance the potential deal, Bloomberg reported, citing the people.

Deliberations are at an early stage and may not lead to a transaction, Bloomberg reported.

Bending Spoons declined to comment, and Vimeo ( VMEO ) couldn't be reached for comment, Bloomberg said.

Vimeo ( VMEO ) and Bending Spoons couldn't be reached immediately by MT Newswires for comment.

Vimeo ( VMEO ) shares fell 5.7% in recent Tuesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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