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Blending Spoon will buy Vimeo?


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https://www.bloomberg.com/news/articles/2024-03-05/vimeo-is-said-to-draw-interest-from-app-developer-bending-spoons?leadSource=reddit_wall

 

Bending Spoons SpA, one of Europe’s largest mobile app developers, is considering a potential acquisition of video hosting platform Vimeo Inc., according to people familiar with the matter.

Milan-based Bending Spoons has been speaking with banks about financing the potential transaction, the people said, asking not to be identified because the information is private.

Vimeo was spun off from Barry Diller’s IAC/InterActive Corp. in 2021. The company has lost 91% of its market value since it started trading.

Shares of Vimeo rose up to 9.2% before falling as much as 7.6% on Tuesday. They closed down 6% to $4.70 in New York trading, giving the company a market capitalization of about $790 million.

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  • Level 5

Why worry ?

They seem to have ideas to invest their money, better than putting it to the bank account.

Since they already own video editing apps, a video storing and sharing platform may be a logical step. It would as well provide them with training material for their AI development.

Just my 5ct …

  • Like 1
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17 minutes ago, PinkElephant said:

Prečo si robiť starosti ?

Zdá sa, že majú nápady investovať svoje peniaze, lepšie ako ich vkladať na bankový účet.

Keďže už vlastnia aplikácie na úpravu videa, logickým krokom môže byť platforma na ukladanie a zdieľanie videa. Poskytlo by im tiež školiace materiály pre ich vývoj AI.

Len môj 5ct …

and will be cool integration  vimeo like youtube... in evernote

for privates videos

 

 

 

 

  • Like 1
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1 hour ago, PinkElephant said:

Guys, if you all didn’t make it for your first Ferrari, you are just seeing the blueprint how it can be done 🤣

They're Italian, they could drive a Lambo too...

  • Haha 1
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