© Reuters.
Investing.com — Norwegian educational technology platform Kahoot As (OL:) has agreed to a buyout worth roughly $1.72 billion by Goldman Sachs (NYSE:) Asset Management’s private equity unit and a group of other investors, the company announced on Friday.
In a statement, Kahoot said the total value of the offer is approximately 17.2B Norwegian crowns, and represents a 53.1% premium to the group’s share price on May 22.
The move will see the private equity division within Goldman Sachs Asset Management invest alongside General Atlantic, Glitrafjord and others, including the investment vehicle for the founding family of Lego, Kahoot noted.
Kahoot’s board unanimously approved the proposed transaction, it added.
