Vimeo agreed to be acquired by European tech company Bending Spoons in an all-cash deal valued at approximately $1.38 billion.

Bending Spoons SpA, a serial buyer of software companies, is pursuing the acquisition of app developers Typeform and Elysium following its recent bids for Vimeo and AOL, according to Il Messaggero.

Twitter and three other U.S. tech companies have urged the EU to take a flexible approach towards harmful and illegal online content instead of blanket rules requiring takedown, saying this would ...