Bending Spoons Is Said to End Pursuit of Video Platform Vimeo

Italian mobile-app developer Bending Spoons SpA has dropped its pursuit of video-hosting platform Vimeo Inc. after the parties couldn’t agree on price, according to people familiar with the matter.

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 was spun off from Barry ...