Todd Spangler NY Digital EditorVimeo said it raised $300 million in new equity funding — giving it a valuation north of $5 billion — ahead of parent company IAC’s planned spinoff of the video hosting and services unit.The new investment in Vimeo came from T.
Rowe Price Group and Oberndorf Enterprises. Last month, Barry Diller’s IAC announced plans to spin off its full stake in Vimeo, which followed Vimeo’s $150 million fundraise from Thrive Capital and GIC.The new investment occurred in two tranches: $200 million at a $5.2 billion pre-money valuation and $100 million at a $5.7 billion pre-money valuation, according to Vimeo.
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