Evernote and Vodnsfer’s owner Spons Spons is set to buy Vimeo for 1.38 billion dollars

Vimeo is placed to get a new owner. Bending buckets – Parenting EvernoteVatransfer, Meetup and Computer Video Streaming Platform Brightcove – plans to take over the company in private property in comprehensive and $ 1.38 billion contract. Shareholders will receive $ 7.85 per share, quite more than $ 4.82 that were closed on Tuesday (the price jumped significantly after announcementof course).

Vimeo Directors unanimously approved the download. The acquisition is expected to get closer to the end of the calendar year, during the approval of shareholders, conditions of closing and regulatory approval.

Once they are seen as a youtube competitor, Vimeo is focused For two decades, it was around. It used to be an option for hosting in hosting filmmakersBut these days are more oriented toward Business users. Vimeo does not allow Processions of content or generative AI models to train any video hosted without passing permission, may not make it installed video hosting service for companies. Vimeo started recently Returning your TV applicationsTwo years after killing those who are excluded in a bad advice.

Meanwhile, bending spoons, has a record of sipping companies that take over. Bought Evernote in 2022. Years and fired Most workers in search of taking services next year. Bending spoons bought VetraFfer last year and a few weeks later, it is Announced plans to drop three-quarters of file sharing staff.