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General Atlantic buys 15% stake in Kahoot, edtech firm's shares jump 28%
short by Mansi Agarwal / on Friday, 16 September, 2022
Shares of Norway's e-learning platform Kahoot jumped around 28% in early trade on Friday after SoftBank disclosed it's selling its 15% stake in the firm to General Atlantic. The New York-based private equity group will acquire 73.5 million Kahoot shares. According to Reuters, the value of SoftBank's stake was around $122 million based on Kahoot's share price on Thursday.
read more at Reuters