Video platform Vimeo announced on Wednesday that it has agreed to be acquired by Bending Spoons, one of Europe’s largest mobile app developers, in an all-cash deal valued at approximately $1.38 billion. The deal is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Vimeo will be delisted from exchanges once the deal closes. The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March of last year.

he co-founders who sold their last startup Anchor to Spotify are launching their next project: Oboe, an AI-powered educational app that enables anyone to create lightweight, flexible learning courses on nearly any topic they choose, simply by entering a prompt.

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