After having filed a declaration with the Committee on Foreign Investment in the United States (CFIUS) in May, Kahoot! and Clever Inc. are now preparing a notice regarding the Transaction which is expected to be file with CFIUS in July 2021. Clearance of the Transaction under the U.S. Hart-Scott-Rodino Antitrust Improvements Act has been given.
Completion of the Transaction is pending satisfaction of a closing condition relating to the obtaining of certain regulatory approvals, and Kahoot! is now expecting the Transaction to complete in the second half of Q3 2021.
The Parties are looking forward to the completion of the Transaction and remain excited about the value of the partnership to the parties’ stakeholders.
Kahoot! will provide further updates as appropriate.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Ken Østreng, CFO, Kahoot! ASA, on June 22, 2021 at 07:20 CET.
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Kahoot! is on a mission to make learning awesome! We want to empower everyone, including children, students, and employees to unlock their full learning potential. Our learning platform makes it easy for any individual or corporation to create, share, and play learning games that drive compelling engagement. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. In the last 12 months, 279 million games have been played on the Kahoot! platform with 1.6 billion participating players in more than 200 countries. The Kahoot! family also includes award-winning DragonBox math learning apps, the Poio learn to read app, the Drops language learning apps, the Actimo and Motimate employee engagement and corporate platforms and Whiteboard.fi, the online whiteboard tool for all educators, teachers and classrooms. The Kahoot! Group is headquartered in Oslo, Norway with offices in the US, the UK, France, Finland, Estonia, Denmark and Spain. Let’s play!