Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 5, 2021
arrowPress Releases
If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Learning platform Kahoot acquires language game dev Drops for $50 million

Learning platform Kahoot acquires language game dev Drops for $50 million

November 24, 2020 | By Chris Kerr




Game-based learning platform Kahoot has acquired language game developer Drops for up to $50 million. 

The deal will see Kahoot purchase 100 percent of the shares in Drops for an initial $31 million on a cash and debt-free basis, with an additional $19 million due to be paid out if certain performance targets are met. 

Based in Norway, Kahoot runs a learning platform that allows individuals and corporations "to create, share, and play learning games that drive compelling engagement." The company said it has over 1 billion participating players in 200 countries, and that over 200 million games have been played via its platform since its inception on 2013. 

Drops, meanwhile, runs a suite of mobile apps containing a range of word games designed to teach the essentials of language. The Drops platform currently boasts around 25 million users, and amassed roughly $7.4 million in revenue during 2019.

Commenting on the move, Kahoot chief exec Eilert Hanoa said it would help the company achieve its goal of becoming the world's leading learning platform.



Related Jobs

Activision
Activision — Santa Monica, California, United States
[08.05.21]

Cinematics TD - Animation/Rigging
innogames
innogames — Hamburg, Germany
[08.05.21]

Game Designer - Elvenar - Event Design & Live Ops
Robot Gentleman Sp. z o.o.
Robot Gentleman Sp. z o.o. — Poznan, Poland
[08.05.21]

Senior Gameplay Engineer
Robot Gentleman Sp. z o.o.
Robot Gentleman Sp. z o.o. — Poznan, Poland
[08.05.21]

Writer









Loading Comments

loader image