The Italian app developer will delist Vimeo from Nasdaq after having previously raised venture debt facilities worth 550 milion euros in August and 600 million US Dollars in March
Italian tech company and app developer Bending Spoons (BeS) will invest 1.38 billion US Dollars in cash for the delisting of video content platform Vimeo from New York Nasdaq. The Italian scaleup already signed a definitive agreement for purchasing the target (press release).
Bending Spoons recently attracted 500 million euros in venture debt from JP Morgan, BNP Paribas, Crédit Agricole,Banco BPM, Bank of America, Barclays, Goldman Sachs, HSBC, Intesa Sanpaolo, Mizuho, Société Générale, and Wells Fargo (see here a previous post by BeBeez). The company also received 600 million US Dollars facilities from a pool of US lenders that Silver Point and Blackstone led (see here a previous post by BeBeez). In February 2024, the scaleup secured an equity round of 155 million US Dollars which brought total funding from international venture capital investors to 560 million euros since the company’s birth 2013 (see here a previous post by BeBeez).
Vimeo shareholders will receive 7,85 US Dollars in cash for each stock. It’s a 91% reward on the weighted average share price of the last 60 days, calculated at market closure on 9 September 2025, Tuesday.
Vimeo board of directors accepted the offer and the deal should close in 4Q25 upon the approval of shareholders and the regulation authorities.
Vimeo retained Skadden, Arps, Slate, Meagher & Flom LLP (legal) and Allen & Company LLC (financial advisor).
Bending Spoons received assistance from Latham & Watkins LLP (legal), JPMorgan, Wells Fargo (joint lead financial advisor), BNP (financial advisor), EY Advisory, and EY SLT (tax and financial due diligence).
Jack Lodwick and Zach Klein founded Vimeo in November 2004 (almost six months before its peer YouTube, part of Google) and named the company with the anagram of movie. In 2006, IAC/InterActiveCorp, a diversified web company, acquired the company and launched its IPO on 26 July 2021. In 2024, Vimeo generated sales of 417 million euros with a 55.3 million ebitda (13% margin) (2Q25 results).
Glenn H. Schiffman, the chairman of Vimeo board, said: “After a careful analysis of strategic alternatives, the Board of Directors unanimously determined that this all-cash transaction offers certain and attractive value for Vimeo shareholders and positions the company to accelerate its strategic roadmap as part of Bending Spoons. We are confident that they are the right long-term partner for our customers, employees and brand”.
Philip Moyer, the ceo of Vimeo, added: “Bending Spoons has a deep respect for the Vimeo team, our customers and the community of creators we serve. Luca [Ferrari] and its team are committed to expanding our product across all segments: self-serve, OTT/Vimeo Streaming and Enterprise. We are excited about this partnership, which we believe will provide our team and our customers with an even greater focus as we continue to pursue our global mission to be the world’s most innovative and trusted video platform for enterprises.”
Luca Ferrari, the ceo and co-founder of Bending Spoons, said: “We look forward to welcoming Vimeo to the Bending Spoons portfolio, it is a pioneering company in the video space, serving a global and passionate community of creators and businesses. At Bending Spoons, we acquire companies with the expectation of running them indefinitely, and we look forward to realising the full potential of Vimeo as we reach new heights together. In particular, post-closing, we are determined to make ambitious investments in the US and other priority markets, as well as in all key areas of the business, encompassing both creator and enterprise offerings. We will focus on achieving even more excellent levels of performance and reliability, introducing advanced functionality to a growing number of customers, and continuously releasing powerful features based on responsible artificial intelligence.”
Francesco Patarnello, Ferrari, Matteo Danieli e Luca Querella founded Bending Spoons that in July 2025 closed the acquisition of California’s MileIQ Inc., its eighth m&a transaction since January 2024 (see here a previous post by BeBeez). The Italian scaleup also acquired komoot, a German route planning platform dedicated to adventure lovers and outdoor enthusiasts with 45 million users (see here a previous post by BeBeez). In March 2025, Bending Spoons signed the closing for the acquisition of Nasdaq-listed Brightcove, an operator in the distribution and monetisation of streaming video (see here a previous post by BeBeez). In 2024, Bending Spoons purchased WeTransfer, Issuu, Hopin/StreamYard Top Corp, Meetup, and the digital activities of Mosaic Group.
In 2024, Bending Spoons generated sales of 622 million euros, an adjusted ebitda of 315 million and a net financial debt of 612 million (Tamburi Investment Partners presentation).
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