Bending Spoons to Buy Vimeo in $1.38 Billion All-Cash Deal (2)

Vimeo, the online video platform that has struggled to compete against the likes of YouTube and TikTok, agreed to a $1.38 billion, all-cash takeover by European mobile app developer Bending Spoons.

Vimeo investors will receive $7.85 a share, representing a 91% premium over the company’s 60-day, volume-weighted average share price as of the close on Sept. 9, according to a statement. The firms said they expect the transaction to close in the fourth quarter. Vimeo will be delisted from exchanges upon completion.

Bending Spoons had been in talks with banks about financing a potential takeover of Vimeo as far ...