News Summary

• Vimeo was spun out of IAC as a public company in 2021 at a valuation of $8.5B.
• It is now being taken private again by the Italian company Bending Spoons for just $1.38B.
• In response to the buy-out, S/W co-founder and former head of Vimeo Staff Picks, Jason Sondhi, offers his perspective on the acquisition and explores what the change could mean for Vimeo’s future and its community of users.