Vimeo has acquired short-form video creation platform Magisto

Apr 15 2019 by TechCrunch

 

Vimeo, the IAC -owned platform for hosting, sharing and monetizing streamed video, has made an acquisition to expand into providing more creation and editing tools. The company has acquired Magisto, a startup founded in Israel that currently has over 100 million users that focuses on providing tools to create and edit short-form videos, providing not just editing but sourcing of music, stock photos and other elements as part of the mix.

Vimeo — which itself has 90 million members in over...

Continue Reading Vimeo has acquired short-form video creation platform Magisto