Vimeo, Inc.

Shares of Vimeo, a video platform, <a href="https://finance.yahoo.com/quote/VMEO/">soared</a>&nbsp;nearly 61% to $7.74 per share yesterday, September 10, after the company <a href="https://investors.vimeo.com/news-releases/news-release-details/vimeo-enters-definitive-agreement-be-acquired-bending-spoons-138">announced</a>&nbsp;it would go private and be acquired by Italian conglomerate Bending Spoons, which owns Evernote and WeTransfer. As a public company, Vimeo faced increasing pressure to balance growth initiatives with short-term financial expectations, Noble Capital Markets <a href="https://www.channelchek.com/news-channel/vimeo-to-go-private-in-1-38-billion-deal-with-bending-spoons">argues</a>.&nbsp;

Video platform Vimeo to be acquired at 63% premium, shares jump 61% in a day

A company with more than $300 billion in debt has failed to restructure

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