Oslo, Norway, May 9, 2019 – Kahoot!, the global learning platform, today announced its acquisition of DragonBox, the award-winning game-based learning studio and maker of the popular DragonBox family of math apps. The two learning communities combined, bring together DragonBox’s engaging math apps and Kahoot!’s hundreds of millions of users world-wide.
The transaction is based on Kahoot! acquiring 100% of the shares in WeWantToKnow AS for a total consideration of approx. USD 18 million on a cash and debt free basis. The consideration will be settled by a combination of cash and new Kahoot! shares at a subscription price of NOK 25 per share. The transaction is expected to be completed ultimo June 2019.