Internet video platform Vimeo, owned by InterActiveCorp. said on Tuesday that it plans to acquire live video streaming company Livestream. Vimeo plans to integrate Livestream into a newly launched live Vimeo product. Terms of the deal were not disclosed. “Live streaming is the No. 1 request from our creator community this year, and we’re focused on bringing a new level of quality, convenience and craft to this evolving medium,” Vimeo Chief Executive Anjali Sud said in a statement. Shares of IAC have gained 77% in the year to date, while the S&P 500 index is up more than 11%.
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