Vimeo, the popular video-sharing platform, recently announced that it has received a $300 million investment from IAC. This major capital injection will help the company to expand its operations and further develop its technology. The investment is part of IAC’s $6 billion buyback program, launched in 2019 to invest in companies across various sectors. vimeo 300m 6b iac
The world of entertainent is constantly evolving and expanding, with new platforms and services emerging every day. Last week marked a huge milestone for Vimeo, the popular video sharing platform, as IAC announced that it had invested $300 million in the company. This strategic move has catapulted Vimeo into a whole new realm, valuing the company at an estimated $6 billion dollars. vimeo 300m 6b iac
Vimeo, the online video streaming service, has recently been acquired by IAC in a deal estimated to be worth around $300 million. This acquisition marks a major milestone for Vimeo and for its parent company, IAC. Both companies have been around since 2004, but this is the first time that IAC has shown such an interest in Vimeo’s services.