Is Vimeo Up For Sale? IAC Rumored To Be Looking To Sell Half The Video Site
Barry Diller’s IAC is reportedly looking to sell half of Vimeo. Last night PandoDaily’s Erin Griffith reported that “two sources familiar with the situation” say that IAC is pairing a spinoff of Vimeo with a $50 million round of funding
Barry Diller’s IAC is reportedly looking to sell half of Vimeo. Last night PandoDaily’s Erin Griffith reported that “two sources familiar with the situation” say that IAC is pairing a spinoff of Vimeo with a $50 million round of funding. IAC has yet to comment and allegedly a similar rumor several years ago “never came to fruition.” Still, it will be interesting to see how this plays out.
Apparently the IAC wants to maintain a 50 percent non-controlling stake in Vimeo’s business.
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