Bending Spoons Ends Pursuit of Video Platform Vimeo [BNN Bloomberg (Canada)]
IAC Inc. (IAC)
Last iac inc. earnings: 2/5 04:10 pm
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Source: BNN Bloomberg
Talks between two companies ended recently, the people said, asking not to be identified because the information is private. Milan-based Bending Spoons was in talks with banks about financing the potential acquisition of Vimeo, Bloomberg News reported March 5, citing people familiar with the matter. A representative for Bending Spoons declined to comment. New York-based Vimeo didn't reply to phone calls and emails seeking comment. Vimeo shares dropped after Bloomberg reported that Bending Spoons had ended its pursuit. The stock fell 3.6% to $4.04 at 12:17 p.m. in New York. Vimeo was spun off from Barry Diller's IAC Inc. in 2021. The share price has plunged by more than 90% since it started trading. On Monday alone this week it slumped 27%, the most in more than two years. Bending Spoons, one of Europe's biggest mobile-app developers, bought note-taking app Evernote Corp. in 2022. In January, the group announced it was acquiring community events platform Meetup.com. Bending
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IAC
Earnings
- 2/13/24 - Beat
IAC
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 4/9/24 - Form PRE
- IAC's page on the SEC website