T. Rowe Price and Oberndorf Enterprises completed a $300m investment in IAC-backed Vimeo.

T. Rowe Price, a global investment management firm, and Oberndorf Enterprises, a company providing financial services, completed a $300m investment in IAC-backed Vimeo, a video sharing site. “As the world embraces video like never before, Vimeo is in an incredibly strong position to help more businesses take advantage of this powerful medium. We have built an industry-leading solution that the market needs, and we intend to move swiftly to bring our professional-quality tools to millions more users," Anjali Sud, Vimeo CEO.