Bending Spoons to acquire Vimeo for $1.4bn.

Bending Spoons, an Italian technology conglomerate, agreed to acquire Vimeo, a video platform for business, for $1.4bn. "Bending Spoons has tremendous respect for the Vimeo team, our customers and the creator community we serve. Luca and his team are committed to expanding our product across all segments: Self-Serve, OTT/Vimeo Streaming, and Vimeo Enterprise. We are excited about this partnership, which we believe will unlock even greater focus for our team and customers as we continue to strive towards our global mission to be the most innovative and trusted video platform in the world for businesses," Philip Moyer, Vimeo CEO.