Photo by Sebastian Enrique on Unsplash
European Company Bending Spoons To Acquire Vimeo For $1.3 Billion
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Sarah Frazier Former Content Manager
The Italian company Bending Spoons will acquire the video platform Vimeo for about $1.38 billion. The companies announced this Wednesday that they have entered into a definitive agreement for an all-cash transaction.
In a rush? Here are the quick facts:
- Bending Spoons will acquire Vimeo for about $1.38 billion in an all-cash transaction.
- Vimeo will receive $7.85 per share.
- The Italian company expects to grow with Vimeo, expand its products, and help the platform reach its full potential
According to Vimeo’s official announcement , the video platform will receive $7.85 per share and expressed confidence that Bending Spoons is the right partner for its brand, customers, and employees.
“Bending Spoons has tremendous respect for the Vimeo team, our customers, and the creator community we serve,” said Philip Moyer, Vimeo CEO. “Luca and his team are committed to expanding our product across all segments.”
Luca Ferrari, Bending Spoons CEO and co-founder, said they expect to grow with Vimeo, expand its products, and help the platform reach its full potential. He emphasized that the investment is part of a long-term vision and will include AI technology.
We’ve officially agreed to acquire Vimeo for $1.38B! 😍 pic.twitter.com/xPdD9VNd5h — Federico Simionato (@fedesimio) September 10, 2025
“After closing, we’re determined to make ambitious investments in the US and other priority markets, and all key areas of the business, spanning both the creator and enterprise offerings,” said Ferrari. “We’ll focus on achieving even more stellar levels of performance and reliability, bringing advanced features to more customers, and continuing to release powerful and responsible AI-enabled features.”
According to The Verge , Vimeo, which launched in 2004 in New York City, remains one of YouTube’s main competitors, but focuses more on enterprises and content creators interested in monetizing their work. The company laid off 10% of its workforce last year, after implementing AI tools.
Bending Spoons, which has also acquired other popular tech companies such as Evernote and WeTransfer, has developed a reputation for raising prices on services provided by its newly acquired companies and laying off employees.
Last year, Bending Spoons laid off 75% of the workforce at WeTransfer , just a few months after its acquisition in July.
Image by Solen Feyissa, from Unsplash
Meta And TikTok Win EU Court Fight Over Tech Fees
- Written by Kiara Fabbri Former Tech News Writer
- Fact-Checked by Sarah Frazier Former Content Manager
Meta and TikTok scored a legal victory this week after an EU court ruled that the European Commission needs to revise its method for calculating Digital Services Act (DSA) supervisory fees.
In a rush? Here are the quick facts:
- Judges said the fee methodology should be set via a delegated act.
- The annual fee equals 0.05% of global net income.
- EU regulators have 12 months to create new fee rules.
The General Court in Luxembourg supported the tech companies by declaring the Commission used improper legal procedures to establish the fee system.
Judges ruled that the fee calculation “should have been adopted not in the context of implementing decisions but in a delegated act, in accordance with the rules laid down in the DSA,” as first reported by Reuters .
The Luxembourg-based General Court sided with the tech giants, saying the Commission had used the wrong legal procedure when setting the levy. Reuters notes that the annual fee amounts to 0.05% of worldwide net income from companies to support EU expenses for DSA compliance monitoring.
The fee amount depends on user numbers and the profit status of each company. Critics argued that the fee structure produced unequal results as loss-making companies with large user bases to avoid paying while others were overcharged.
According to the ruling, EU regulators must create new rules within the next 12 months. The companies will not receive any reimbursement for their previously paid fees.
The Commission downplayed the impact, with spokesperson Thomas Regnier saying: “The Court confirms our methodology is sound: no error in calculation, no suspension of any payments, no problem with the principle of the fee nor the amount,” as reported by Politico .
Another spokesperson added, “The Court’s ruling requires a purely formal correction on the procedure,” reported Reuters
Meta welcomed the decision, stating: “Currently, companies that record a loss don’t have to pay, even if they have a large user base […] We look forward to the flaws in the methodology being addressed”. TikTok also welcomed the ruling, saying: “We’ll closely follow the development of the delegated act,” all reported Reuters.
