Vimeo, the online video platform that has struggled to compete against the likes of YouTube and TikTok, agreed to a $1.38 billion, all-cash takeover by European mobile app developer Bending Spoons.
IAC announced plans to spin off its full stake in Vimeo, the video hosting and software company, to IAC shareholders. In November, IAC announced that Vimeo had a $2.75 billion valuation after raising ...
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