09:18 AM EDT, 09/10/2025 (MT Newswires) -- Vimeo ( VMEO ) said Wednesday it has agreed to be acquired by Italy-based tech company Bending Spoons for $1.38 billion in cash.

Under deal terms, Vimeo ( VMEO ) shareholders will get $7.85 per share in cash for each share of Vimeo's ( VMEO ) stock that they own, representing a 91% premium to Vimeo's ( VMEO ) 60-day volume-weighted average share price as of market close on Sept. 9, Vimeo ( VMEO ) said.

The deal has been approved by Vimeo's ( VMEO ) board of directors, the company said, adding that the transaction is expected to close by Q4.

Upon deal completion, Vimeo ( VMEO ) will become a privately held company and will no longer be listed on any public stock exchange.