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98 Milan-based Bending Spoons scoops up Vimeo in €1.1 billion cash deal – will cuts follow?

EU-Startups
David Cendon Garcia @ EU-Startups 1 place · today 12:01 EDT

Vimeo, the long-standing video platform born from the early days of internet creativity, is officially set to join the portfolio of Milan-based Tech conglomerate Bending Spoons in a deal valued at approximately €1.1 billion. The acquisition, announced today, is expected to finalise in the fourth quarter of the year, pending regulatory approvals and shareholder consent. ...

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