Bending Spoons closes $1.38B cash acquisition of Vimeo (VMEO)
Rhea-AI Filing Summary
Vimeo, Inc. has been acquired by Bending Spoons US Inc., with Bloomberg Merger Sub Inc. merging into Vimeo so that Vimeo now operates as a wholly owned subsidiary of Bending Spoons US. Each outstanding share of Vimeo common stock and Class B common stock (other than specified excluded and dissenting shares) was converted into the right to receive $7.85 in cash per share, without interest, resulting in aggregate cash consideration of about $1.38 billion.
Following the merger, trading of Vimeo’s common stock on Nasdaq was suspended and Vimeo has requested delisting and plans to deregister its shares and terminate its SEC reporting obligations. Existing directors resigned at the effective time and were replaced by the former Merger Sub directors, while Vimeo’s prior officers continue in their roles. Vimeo’s certificate of incorporation and bylaws were amended and restated to match those of Merger Sub.
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Insights
Vimeo completed a $1.38B cash sale and will leave public markets.
The transaction converts each share of Vimeo common and Class B common stock into the right to receive $7.85 in cash, for total consideration of about $1.38 billion. This marks the closing of the previously announced merger in which Bloomberg Merger Sub Inc. combined with Vimeo, making Vimeo a wholly owned subsidiary of Bending Spoons US Inc..
As part of the deal, Vimeo notified Nasdaq, trading was suspended before the November 24, 2025 open, and delisting on Form 25 is being pursued. Vimeo also plans to file Form 15 to terminate Section 12 registration and suspend reporting duties under Sections 13 and 15(d). For former public shareholders, this effectively ends liquidity on Nasdaq, replacing it with the fixed cash consideration per share.
Governance has shifted: all listed Vimeo directors resigned at the effective time and the former Merger Sub directors became the board of the surviving corporation, while Vimeo’s existing officers continue. The charter and bylaws were amended and restated to mirror those of Merger Sub, aligning the private company’s governing documents with the new ownership structure.
8-K Event Classification
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FAQ
What did Bending Spoons pay to acquire Vimeo (VMEO)?
Bending Spoons US Inc. acquired Vimeo, Inc. for aggregate cash consideration of approximately $1.38 billion, with each share of Vimeo common and Class B common stock converted into the right to receive $7.85 in cash, without interest.
What happens to Vimeo (VMEO) Nasdaq listing after the Bending Spoons acquisition?
In connection with the merger, Vimeo notified Nasdaq of the transaction, requested that Nasdaq file a Form 25 to remove the common stock from listing, and trading on Nasdaq was suspended prior to the opening on November 24, 2025.
Will Vimeo (VMEO) continue filing reports with the SEC after the merger?
Vimeo intends to file a Form 15 under the Exchange Act to terminate its Section 12 registration and reporting obligations under Section 13 and to suspend its reporting obligations under Section 15(d) with respect to the common stock.
Did control of Vimeo change as a result of the merger with Bending Spoons?
Yes. At the effective time of the merger, a change of control occurred. Bloomberg Merger Sub Inc. merged with and into Vimeo, and Vimeo now continues as the surviving corporation and a direct wholly owned subsidiary of Bending Spoons US Inc..
What changes occurred to Vimeo’s board and officers after the merger closed?
Effective at the merger closing, all listed Vimeo directors resigned. The directors of Bloomberg Merger Sub Inc. became the initial directors of the surviving corporation, while the officers of Vimeo immediately prior to the effective time continue as the officers of the surviving corporation.
Were Vimeo’s charter and bylaws modified in connection with the merger?
At the effective time, Vimeo’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws were amended and restated in their entirety to be the certificate of incorporation and bylaws of Merger Sub as in effect immediately before the merger.