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Bending Spoons to Acquire Vimeo in $1.38 Billion Deal, Taking Platform Private

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Vimeo announced Wednesday it will be acquired by Italian app developer Bending Spoons in a deal worth about $1.38 billion, ending its four-year run as a publicly traded company.

Under the agreement, Vimeo shareholders will receive $7.85 per share in cash, representing a 63% premium to the stock’s previous close. Shares surged more than 60% to $7.74 following the announcement.

Vimeo, spun out of Barry Diller’s IAC, has struggled since its 2021 IPO, losing around 90% of its market value. Despite a surge in popularity during the pandemic, the company has faced mounting competition from YouTube and lower-cost enterprise rivals.

Analysts expect Bending Spoons to implement aggressive cost-cutting and revenue-focused strategies to leverage Vimeo’s technology assets. Analyst Paolo Pescatore noted the deal could mark a turning point, given Bending Spoons’ track record of revitalizing acquired firms.

The Milan-based company, valued at $2.55 billion last year, owns apps such as Evernote and Remini, and acquired WeTransfer in 2023. Vimeo will become its largest acquisition to date. CEO Philip Moyer said the focus will be on expanding self-service tools, OTT streaming via Vimeo Streaming, and enterprise solutions.

Vimeo has already downsized, cutting nearly 10% of its workforce this year after layoffs of 11% in 2023 and 6% in 2022.

Allen & Company LLC advised Vimeo, while J.P. Morgan, Wells Fargo, and BNP Paribas advised Bending Spoons. The transaction is expected to close in Q4 2025, with Bending Spoons seen as a potential U.S. IPO candidate in the near future.

Atlassian to Acquire The Browser Company for $610 Million in AI Browser Push

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Atlassian (TEAM.O) announced on Thursday that it will acquire New York-based startup The Browser Company for $610 million in cash, marking its entry into the fast-growing AI browser market. Shares of the San Francisco-based software maker fell about 2% following the news.

The Browser Company, founded in 2019, developed the Arc and Dia browsers. Its latest product, Dia, launched earlier this year, is designed as an AI-driven workspace that can summarize webpages and perform tasks for users. Atlassian said it plans to position Dia as its primary work browser, integrating tasks and tools across the web with enterprise context.

The move comes amid intensifying competition in AI-enabled browsers. Nvidia-backed Perplexity’s Comet and Brave’s Leo have recently entered the space, while Microsoft’s Edge, bundled with Copilot, has become widely adopted in enterprises due to its Microsoft 365 integration and security features. Google Chrome continues to dominate globally with a 69% market share as of August, according to Statcounter.

The Browser Company previously raised $50 million in a Series B round that valued it at $550 million, per Pitchbook, and counted Atlassian Ventures, Salesforce Ventures, Figma CEO Dylan Field, and former Instacart CEO Fidji Simo among its investors.

Atlassian will fund the acquisition with existing cash reserves, which totaled $2.5 billion at the end of June. The deal, expected to close in its fiscal second quarter ending in December, is subject to regulatory approvals. The company said the acquisition will not be material to financial results in fiscal 2026–2027.

Datadog Raises Q3 Revenue Forecast Amid Growing Cloud Security Demand

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Datadog, the cloud security and monitoring firm, projected third-quarter revenue above Wall Street expectations on Thursday, driven by increasing enterprise investment in AI and cloud technologies. The company’s shares surged over 10% in premarket trading.

Datadog’s platform, used by clients like Samsung, NASDAQ, and Comcast, supports real-time monitoring and analytics of cloud applications to ensure performance, reliability, and security. As businesses accelerate cloud migration and AI adoption, demand for Datadog’s products has risen significantly.

The company unveiled 125 new innovations designed to enhance customers’ ability to observe, secure, and manage complex cloud and AI environments. For Q3, Datadog anticipates revenue between $847 million and $851 million, exceeding analyst estimates of $819.9 million, and adjusted earnings per share of 44 to 46 cents, above the 42-cent forecast.

In Q2, Datadog reported revenue of $827 million, beating estimates of $791.1 million, with adjusted earnings per share of 46 cents versus expected 42 cents.