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Evernote and WeTransfer owner Bending Spoons is set to buy Vimeo for $1.38 billion
Bending Spoons has a track record of gutting the companies it takes over.
Bending Spoons — the parent of Evernote, WeTransfer, Meetup and fellow video streaming platform Brightcove — plans to take the company into private ownership in an all-cash, $1.38 billion deal. Vimeo does not permit content scraping or generative AI models to train on any video it hosts without the uploader's permission, perhaps making it an enticing video-hosting service for enterprise users. Bending Spoons bought WeTransfer last year and a few weeks later, it announced plans to fire three-quarters of the file-sharing platform's staff.
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