AdvertisementBusiness10 Sep 2025 09:00PM (Updated: 10 Sep 2025 09:11PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Technology conglomerate Bending Spoons will buy video hosting platform Vimeo for about $1.38 billion in cash and take it private, the companies said on Wednesday.Vimeo shareholders will get $7.85 in cash for each share they own, according to the statement.Bending Spoons plans to expand Vimeo's products across self-service tools, over-the-top (OTT) streaming via Vimeo Streaming and enterprise offerings for businesses, Vimeo CEO Philip Moyer said.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST