Vimeo is getting bought up by Bending Spoons, a European software company that has amassed a growing portfolio of businesses, including Evernote, WeTransfer, and Meetup. Bending Spoons will pay $1.38 billion to acquire the video hosting platform, and it expects to close the deal later this year.
Vimeo launched in 2004 as a spinoff of CollegeHumor and has long struggled to keep up with its biggest rival: YouTube. In recent years, Vimeo has hiked video hosting fees and shifted toward catering…
