Vimeo will set up a new owner. Bending spoon – Parents EvernoteWetransfer, Meetup and other video streaming platforms Brightcove – plans to private ownership of the company with $1.38 billion in all-cash. Shareholders will receive $7.85 per share, much more than the $4.82 Vimeo closed on Tuesday (the price has risen significantly after that announcementcertainly).
Vimeo directors unanimously approved the acquisition. The acquisition is expected to end at the end of the calendar year, awaiting shareholder approval, ending conditions and regulatory approval.
Once considered a competitor to YouTube, Vimeo has The focus of the transfer Over the past two decades. It used to be used for hosting options Filmmakerbut nowadays, it is more oriented Business Users. Vimeo Not allowed Content scraping or generating AI models train any video it hosts without the permission of the uploader, perhaps providing attractive video hosting services for enterprise users. Recently, Vimeo started Bring back to the TV appTwo years after killing them with unwise actions.
Meanwhile, the bent spoon has a record of putting the company it takes over in trouble. It purchased Evernote and Dismissal The second year, most of the workers who took notes were served. Bending spoons bought Wetransfer last year and a few weeks later Announced plan Three-quarters of the workforce fired from file sharing platform.
