Vimeo to acquire Magisto to power video creation for any business
NEW YORK, April 15, 2019 /PRNewswire/ — Vimeo announced today an agreement to acquire Magisto, a video creation service with over 100 million users. Terms of the deal were not disclosed. Magisto enables simple and intuitive short-form video creation for any medium. The combination of Magisto’s professional video creation capabilities with Vimeo’s suite of video hosting, distribution and monetization tools will extend Vimeo’s position...
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