Gamified e-learning platform Kahoot acquired in $1.7 billion deal led by Goldman Sachs, Lego and more

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Gamified e-learning platform, Kahoot, has been acquired in a $1.7 billion all-cash private equity deal led by Goldman Sachs and backed by LEGO Group, General Atlantic, and Glitrafjord. The acquisition values Kahoot at 17.2 billion Norwegian kroner ($1.7 billion) based on its outstanding shares. This deal represents a premium on Kahoot’s publicly traded shares, suggesting that tech companies are facing challenges in financing despite their growth. Kahoot saw a rise in popularity during the Covid-19 pandemic as remote learning became more widespread. The company currently has over 1 million paying users and has hosted hundreds of millions of learning sessions with billions of participants worldwide. However, Kahoot, like other tech businesses, has faced difficulties in the public markets due to the recession and decreased demand for digital services. In the second quarter, the company reported $41 million in revenues, up 14% from last year, and operating cash flow of $10 million. The acquisition will bring stability to Kahoot after years of fluctuating share prices and will enable the company to continue expanding its mission to empower learners globally.

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Frequently Asked Questions (FAQs) Related to the Above News

Who led the $1.7 billion acquisition of Kahoot?

The acquisition of Kahoot was led by Goldman Sachs.

Which companies backed the acquisition of Kahoot?

The acquisition was backed by LEGO Group, General Atlantic, and Glitrafjord.

How much is Kahoot valued at after the acquisition?

The acquisition values Kahoot at 17.2 billion Norwegian kroner ($1.7 billion) based on its outstanding shares.

What does the premium on Kahoot's publicly traded shares suggest?

The premium on Kahoot's publicly traded shares suggests that tech companies are facing financing challenges despite their growth.

How did Kahoot's popularity change during the Covid-19 pandemic?

Kahoot saw a rise in popularity during the Covid-19 pandemic as remote learning became more widespread.

How many paying users does Kahoot currently have?

Kahoot currently has over 1 million paying users.

How many learning sessions has Kahoot hosted with participants worldwide?

Kahoot has hosted hundreds of millions of learning sessions with billions of participants worldwide.

What difficulties has Kahoot faced in the public markets?

Like other tech businesses, Kahoot has faced difficulties in the public markets due to the recession and decreased demand for digital services.

What were Kahoot's revenues in the second quarter?

Kahoot reported $41 million in revenues in the second quarter, up 14% from last year.

What will the acquisition bring to Kahoot?

The acquisition will bring stability to Kahoot after years of fluctuating share prices and will enable the company to continue expanding its mission to empower learners globally.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

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