Published 2 years ago

Kahoot shares rise 28% as General Atlantic buys Softbank's stake

Summary by Ground News

Kahoot, the Norwegian startup that provides a popular platform for people to build and use education-focused games, announced that General Atlantic is buying out SoftBank's entire 15% stake in the company. SoftBank is exiting at a loss. The firm sunk at least $215 million into the company in the last several years.

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Reuters

Kahoot shares rise 28% as General Atlantic buys Softbank's stake

Softbank said on Friday it had agreed to sell its 15% stake in Norwegian e-learning group Kahoot to U.S. private equity group General Atlantic FT BV.

2 years ago·United Kingdom

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The Star Kuala Lumpur

Kahoot shares rise 28% as General Atlantic buys Softbank's stake

OSLO (Reuters) -Softbank said on Friday it had agreed to sell its 15% stake in Norwegian e-learning group Kahoot to U.S. private equity group General Atlantic FT BV.

2 years ago·Malaysia

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Inquirer

Kahoot shares rise 28% as General Atlantic buys Softbank’s stake

OSLO -Softbank said on Friday it had agreed to sell its 15-percent stake in Norwegian e-learning group Kahoot to U.S. private equity group General Atlantic FT BV.

2 years ago·Manila, Philippines

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TechCrunch

General Atlantic buys out SoftBank's 15% stake in edtech Kahoot, now valued at about $152M vs the $215M SoftBank ponied up 2 years ago

SoftBank’s retreat from its past investing exuberance continues apace. This morning, Kahoot, the Norwegian startup that provides a popular platform for people to build and use education-focused games, announced that General Atlantic is buying out SoftBank’s entire 15% stake in the company. SoftBank is exiting at a loss. The firm sunk at least $215 million […]

2 years ago·United States

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