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Vimeo has acquired short-form video creation platform Magisto

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Vimeo has acquired short-form video creation platform Magisto
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 tool…
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