K-12 Dealmaking: Kahoot Acquires Clever, in Deal Combining Game-Based Platform and Single-Sign-On Provider
Kahoot, a game-based learning platform, will acquire San Francisco-based Clever, a single-sign-on platform widely used in K-12, in a transaction that will carry a value of $435 million to $500 million, Kahoot announced.
The Norway-based company touted the deal as one that would bring together businesses with “complimentary strengths” — if very different product lines — with a focus on the U.S. market, where Kahoot has established a major footprint in recent years.
Kahoot will acquire all of Clever’s shares on a cash and debt-free basis, and the consideration will consist of a combination of cash and Kahoot shares.