Annuncio • Feb 22
Kahoot! Is Now Available in Indonesian and Continues Its Expansion Across Southeast Asia Kahoot! is announcing the localization of the Kahoot! mobile apps and online platform in Indonesian. The addition of Indonesian language support on Kahoot! is part of the company's strategy to continue its accelerated growth in Asia. The launch of Indonesian also marks a significant milestone in the company's efforts to bring fun and engaging learning experiences to people of all ages in the region. Kahoot! has become a go-to platform for playful learning in Indonesia, with over 15 million non-unique participants playing in the last 12 months. This also includes more than 1.2 million student participants, with over 115,000 teachers hosting learning sessions for their students on Kahoot!. With this growing adoption of Kahoot! across Indonesia, language support, and localization will make it more accessible for educators, students, professionals and learners of all ages to discover, create, and share engaging learning experiences in any context. With this launch, Indonesian becomes the fifth Asian language to be available on the Kahoot! platform preceded by Japanese, Korean, Simplified, and Traditional Chinese. The localization of the platform makes it easier for users to access content and empowers them to create engaging learning experiences in educational settings, professional environments and in different social settings with friends and family. In addition, Kahoot! Kids, the standalone app for iOS and Android designed for children ages 2 to 7 years old, is also now localized in Indonesian. Localizing Kahoot! Kids underscores Kahoot!'s commitment to fostering stronger connections between parents and children through play-based learning. The Kahoot! Kids app for iOS and Android enables parents to support their children in building their core and early childhood skills. Annuncio • Jan 20
Kahoot! ASA Ordinary Shares to Be Deleted from OTC Equity Kahoot! ASA Ordinary Shares will be deleted from OTC Equity effective January 19, 2024, due to Acquisition /Merger /Amalgamation. Board Change • Nov 28
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 09
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Sep 21
Kahoot! ASA(OB:KAHOT) dropped from Oslo OBX Total Return Index Kahoot! ASA has been removed from Oslo OBX Index . Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$41.3m (up 16% from 2Q 2022). Net income: US$1.62m (up US$2.41m from 2Q 2022). Profit margin: 3.9% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany. Annuncio • Jul 15
Goldman Sachs Asset Management, L.P., General Atlantic Ft B.V., Kirkbi Invest A/S, Glitrafjord AS, certain other investors and management shareholders made a final non-binding offer to acquire Kahoot! ASA (OB:KAHOT) from a group of sellers and others for NOK 17.2 billion. Goldman Sachs Asset Management, L.P., General Atlantic Ft B.V., Kirkbi Invest A/S, Glitrafjord AS, certain other investors and management shareholders made a final non-binding offer to acquire Kahoot! ASA (OB:KAHOT) from a group of sellers and others for NOK 17.2 billion on July 12, 2023. Goldman Sachs Asset Management, L.P., General Atlantic Ft B.V., Kirkbi Invest A/S, Glitrafjord AS, certain other investors and management shareholders entered into an agreement to acquire Kahoot! ASA from a group of sellers and others on July 14, 2023. The shareholders will be offered NOK 35 in cash per share. The offeror has secured commitments for the required equity and debt capital to finance the offer at its completion. Goldman Sachs Bank Europe SE, KKR Corporate Lending (UK) LLC, KKR Capital Markets Partners LLP act as finance providers to the offeror in connection with the offer. If transaction is terminated due to breach of contract by Kahoot, it will pay offerors termination fee of approximately NOK 30 million.
In total, shares representing c.34.20% of Kahoot's outstanding share capital as at the date of this announcement are committed to be sold or contributed pursuant to the investment agreement and various irrevocable undertakings given by shareholders, members of the Board and senior management. The offer will have a right of compulsory acquisition procedure for any remaining shares. The board of directors of Kahoot! has unanimously recommended the shareholders to accept the offer. The offer is subject to necessary regulatory approvals, including but not limited to competition clearances, and conditioned on the offer being accepted to such extent that the offeror becomes the owner of shares representing more than 90% of the issued and outstanding shares and voting rights in Kahoot.
Goldman Sachs International and Danske Bank, Norwegian Branch are acting as financial advisers and also provided fairness opinion to the offeror or their affiliates in connection with the offer. White & Case LLP, Advokatfirmaet Wiersholm AS, Sullivan & Cromwell LLP and Linklaters LLP are acting as legal advisors to the offeror. Advokatfirmaet BAHR AS, Morgan, Lewis & Bockius LLP and Macfarlanes LLP are acting as legal advisers to KIRKBI. ABG Sundal Collier ASA and Morgan Stanley & Co. International plc are acting as financial advisers and Advokatfirmaet Thommessen AS as legal adviser to Kahoot! in connection with the offer. Board Change • Jul 14
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • May 31
Kahoot! ASA Appoints Harald Arnet and Fredrik Cassel as Member of Nomination Committee Kahoot! ASA at the AGM May 30, 2023 elected Nomination Committee of the Company shall consist of the following persons with terms of office given in brackets: Harald Arnet (two years); Fredrik Cassel (two years). Board Change • Apr 21
Less than half of directors are independent There are 11 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. Independent Director Joanne Bradford was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: US$0.005 (vs US$0.004 loss in FY 2021) Full year 2022 results: EPS: US$0.005 (up from US$0.004 loss in FY 2021). Revenue: US$146.0m (up 60% from FY 2021). Net income: US$2.29m (up US$4.17m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany. Board Change • Jan 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Nov 05
Kahoot! ASA Announces Earnings Guidance for the Fourth Quarter and Full Year of 2022 Kahoot! ASA announced earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company expected invoiced revenue in the range between $50 million to $55 million.For the full year, the updated guidance include invoiced revenue in the range of $175 million to $180 million with recognized revenue of approx. $147 million. Recent Insider Transactions • Aug 30
Chief Technology Officer recently bought €80k worth of stock On the 29th of August, Jostein Håvaldsrud bought around 40k shares on-market at roughly €1.99 per share. This transaction amounted to 9.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €794k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 16
Second quarter 2022 earnings released: US$0.002 loss per share (vs US$0.01 profit in 2Q 2021) Second quarter 2022 results: US$0.002 loss per share (down from US$0.01 profit in 2Q 2021). Revenue: US$35.7m (up 97% from 2Q 2021). Net loss: US$792.0k (down 114% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 41%, compared to a 130% growth forecast for the Entertainment industry in Germany. Annuncio • Aug 13
Kahoot! ASA Provides Group Revenue Guidance for the Third Quarter and Full Year of 2022 Kahoot! ASA provided group revenue guidance for the third quarter and full year of 2022. For the quarter, the group expects recognized revenue of $36.1 million. For the third quarter, invoiced revenue is expected to exceed $54 million, representing approximately 94% year-on-year growth with solid cash flow from operations. For the full year, the group expects recognized revenue of $91.3 million. The Group reiterates the ambition of $190 million in invoiced revenues for 2022. Annuncio • Aug 02
Kahoot! Launches the Kahoot! Add-On for Google Classroom Kahoot!, announced that it has launched the Kahoot! add-on for Google Classroom, making it possible for educators and learners around the world to discover, create, assign and host interactive learning sessions without ever leaving Google Classroom. As a Google Classroom add-ons early access partner, Kahoot! is one of the first digital learning platforms to be available as a Google Classroom add-on. Administrators can set up the Kahoot! add-on for schools across their district from the Google Workspace Marketplace in just a few clicks. Once enabled, educators and students can access Kahoot! on any device within Google Classroom, without needing to navigate to an external website or use an additional login. Classroom add-ons are available for all Google Workspace for Education users with the Teaching and Learning Upgrade or Google Workspace for Education Plus editions. Through the add-on, teachers can search for or create their own kahoots, as well as discover the millions of ready-to-use learning sessions on Kahoot!, which educators can then assign for students to complete directly within Google Classroom. The Kahoot! EDU offering for schools and school districts also enables educators to access a school library of kahoots, where they can find and share learning content with other teachers throughout the school or district. This integration marks Kahoot!'s latest collaboration with Google, beginning in 2019 when Kahoot! was selected to become a Google for Education Partner, followed by working together to launch Google Search Practice Problems and an integration with the upcoming live sharing feature on Google Meet. Board Change • Jul 29
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Feb 27
Chief Technology Officer recently bought €145k worth of stock On the 25th of February, Jostein Håvaldsrud bought around 50k shares on-market at roughly €2.91 per share. In the last 3 months, they made an even bigger purchase worth €569k. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.01 (up from US$0.085 loss in FY 2020). Revenue: US$91.3m (up 196% from FY 2020). Net income: US$3.37m (up US$37.9m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 89%, compared to a 341% growth forecast for the industry in Germany. Breakeven Date Change • Jan 19
Forecast breakeven date pushed back to 2022 The 3 analysts covering Kahoot! previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of US$32.1m in 2022. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Board Change • Jan 19
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The 3 analysts covering Kahoot! previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of US$32.9m in 2022. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Annuncio • Dec 16
Kahoot Announces the Launch of Kahoot! Kids Kahoot! announced the launch of Kahoot! Kids. This is the new digital learning playground available in the Kahoot! app for all Kahoot!+ Family, Premier and Max users. Kahoot! Kids offers a new app experience designed for the littlest learners at home and school. By playing with Kahoot! Kids, children from 2 to 7 years old can develop early learning skills across math, reading and cognitive disciplines in a safe, ad-free and explorative environment. Parents and educators can find a wide variety of child-friendly kahoot games crafted and curated by early childhood learning experts, including content from trusted Kahoot! Academy Verified educators and Premium partners. With a Kahoot!+ Family, Premier or Max subscription, families also get access to Kahoot!'s award-winning learning apps. This includes Kahoot! Numbers by DragonBox, Kahoot! Algebra by DragonBox, Kahoot! Learn to Read by Poio, and more. These games and learning experiences within Kahoot! Kids help children practice literacy, numeracy, social-emotional and cognitive skills, as well as enabling them to apply what they learn in daily life. As children develop these skills, the playful and entertaining experiences of Kahoot! Kids make learning joyful and help them lay a foundation for children to become lifelong learners. Additional features will be added to Kahoot! Kids in 2022, including new content from Kahoot! and partners. Parents will also be able to create their own kahoots and follow their children's learning progress with reports. Users can unlock Kahoot! Kids within the Kahoot! mobile app for iOS (coming soon to Android) by upgrading to a Kahoot!+ Family, Premier or Maxsubscription. With a Kahoot!+ Premier or Max plan, parents can add up to 10 child profiles, access customizable avatars and game modes, host kahoots with more players and question types and go deeper into learning with Kahoot!'s award-winning learning apps. Through the holidays, Kahoot! is offering a free 7-day trial for families to try out Kahoot! Kids. Families can also take advantage of Kahoot!'s special holiday offerson Kahoot!+ Family, Premier and Max plans when they upgrade until the end of the year. Annuncio • Dec 10
Kahoot! Announces Kahoot!+ AccessPass Kahoot! introducing Kahoot!+ AccessPass, the new subscription where Kahoot! offers access to an expanded library of ready-to-use premium kahoots, courses and other resources, to allow anyone to boost their joy for learning and to supercharge engagement. The premium content available on the Kahoot! platform and mobile apps with Kahoot!+ AccessPass is created by trusted creators and publishers to take learning, teaching and having fun in any environment to the next level. The new Kahoot!+ AccessPass enables access to unique content for learners of all ages on a wide range of topics including general knowledge, history, geography, science, technology, math, language learning and more. Kahoot!+ AccessPass will be updated monthly with new content to make learning even more accessible, engaging and entertaining for all. The content in Kahoot!+ AccessPass is provided by Kahoot! Academy, the global community and knowledge platform for all creators, learners and learning providers. Every month more than 40 million participating players engage with always-accessible free content from a community of Verified creators and publishers like Microsoft, Star Wars™, Disney, National Geographic and NASA. Kahoot!+ AccessPass is available globally on Kahoot!'s web platform and mobile apps for iOS and Android as an annual and monthly subscription service, starting with an introductory offer of $3/month. Recent Insider Transactions • Dec 06
Chief Technology Officer recently bought €569k worth of stock On the 2nd of December, Jostein Håvaldsrud bought around 127k shares on-market at roughly €4.48 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.1m more in shares than they have sold in the last 12 months. Board Change • Dec 06
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Nov 05
Forecast to breakeven in 2021 The 3 analysts covering Kahoot! expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$10.7m in 2021. Earnings growth of 67% is required to achieve expected profit on schedule. Board Change • Nov 05
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Oct 19
Forecast to breakeven in 2021 The 3 analysts covering Kahoot! expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.88m in 2021. Earnings growth of 73% is required to achieve expected profit on schedule. Board Change • Oct 19
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Sep 23
Forecast to breakeven in 2021 The 3 analysts covering Kahoot! expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.87m in 2021. Earnings growth of 56% is required to achieve expected profit on schedule. Annuncio • Sep 03
Kahoot! AS (OB:KAHOT) completed the acquisition of Clever Inc. Kahoot! AS (OB:KAHOT) agreed to acquire Clever Inc. for $500 million on May 6, 2021. Kahoot! will acquire 100% of the shares in Clever for a total consideration reflecting an enterprise value of $435 - $500 million, on a cash and debt free basis, including an up to $65 million 2021-2022 performance-based element. The consideration will be settled by a combination of approximately 82% cash and 18% Kahoot! shares. The cash portion of the $435 million base consideration is payable in instalments whereby $205 million is payable at closing and the remaining $150 million will be payable later in 2021. The performance based consideration will be payable in 2022 and 2023. The cash portion of the consideration will be financed from available cash and other sources available to Kahoot!, and the consideration shares will be subject to a 12-months lock-up from the respective issuance dates. Upon close of the transaction, Clever will remain an open platform and continue to operate under the Clever brand as wholly-owned subsidiary of Kahoot!. Clever will operate as an independent company in the Kahoot! Group, led by its management team. The transaction, which is subject to customary closing conditions, including regulatory approval by The Committee on Foreign Investment in the United States, is expected to close in the second quarter of 2021. As per filing on June 22, 2021 Clearance of the Transaction under the U.S. Hart-Scott-Rodino Antitrust Improvements Act has been given and Kahoot! is now expecting the Transaction to complete in the second half of Q3 2021. As of August 31, 2021, the transaction has been approved by the regulatory body and is expected to occur in the beginning of September 2021. Eric McCrath of Morrison & Foerster LLP are acting as legal counsel to Kahoot! AS.
Kahoot! AS (OB:KAHOT) completed the acquisition of Clever Inc. on September 2, 2021. Recent Insider Transactions • Jun 04
Chief Technology Officer recently bought €519k worth of stock On the 1st of June, Jostein Håvaldsrud bought around 80k shares on-market at roughly €6.49 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €185m more in shares than they bought in the last 12 months. Annuncio • May 08
Kahoot! AS (OB:KAHOT) agreed to acquire Clever Inc. for $500 million. Kahoot! AS (OB:KAHOT) agreed to acquire Clever Inc. for $500 million on May 6, 2021. Kahoot! will acquire 100% of the shares in Clever for a total consideration reflecting an enterprise value of $435 - $500 million, on a cash and debt free basis, including an up to $65 million 2021-2022 performance-based element. The consideration will be settled by a combination of approximately 82% cash and 18% Kahoot! shares. The cash portion of the $435 million base consideration is payable in instalments whereby $205 million is payable at closing and the remaining $150 million will be payable later in 2021. The performance based consideration will be payable in 2022 and 2023. The cash portion of the consideration will be financed from available cash and other sources available to Kahoot!, and the consideration shares will be subject to a 12-months lock-up from the respective issuance dates. Upon close of the transaction, Clever will remain an open platform and continue to operate under the Clever brand as wholly-owned subsidiary of Kahoot!. Clever will operate as an independent company in the Kahoot! Group, led by its management team. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the second quarter of 2021. Executive Departure • Mar 03
Director has left the company On the 23rd of February, Fredrik Cassel's tenure in the role of Director ended. We don't have any record of a personal shareholding under Fredrik's name. A total of 3 executives have left over the last 12 months. Executive Departure • Mar 03
Director has left the company On the 23rd of February, Michiel Kotting's tenure in the role of Director ended. We don't have any record of a personal shareholding under Michiel's name. A total of 3 executives have left over the last 12 months. Annuncio • Feb 19
Kahoot! AS to Integrate with Google Classroom and Google Search to Make Learning Awesome! Kahoot!, announced upcoming integrations with Google that will enable seamless use of Kahoot! with Google services, such as Google Classroom and Google Search, for millions of Kahoot! and Google users. Kahoot! is extending the Kahoot! learning experience by developing a Google Classroom add-on that will be available later this year. This enables educators to access Kahoot! features and distribute Kahoot! games directly to all students. Educators can launch live Kahoot! games hosted either face to face, or through video conferencing. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 167%, compared to a 3.5% growth forecast for the Entertainment industry in Germany. Reported Earnings • Feb 12
Full year 2020 earnings released: US$0.085 loss per share (vs US$0.035 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$30.9m (up 265% from FY 2019). Net loss: US$34.5m (loss widened 176% from FY 2019). Annuncio • Jan 20
SB Management Limited and Glitrafjord AS acquired 2.68% stake in Kahoot! AS (OB:KAHOT) from Northzone Ventures for NOK 1.3 billion SB Management Limited and Glitrafjord AS acquired 2.68% stake in Kahoot! AS (OB:KAHOT) from Northzone Ventures for NOK 1.3 billion on January 18, 2021. Under the terms of the consideration, transaction was settled through cash payment of NOK 110 per share. SB Management acquired 11 million shares and Glitrafjord acquired an additional 1 million shares. Post completion of the transaction, Northzone is no longer a shareholder in Kahoot. Glitrafjord has increased its ownership in Kahoot to 8.97% and Softbank through SB Management has increased its ownership to 15.92%. ABG Sundal Collier ASA acted as financial advisor for Kahoot.
SB Management Limited and Glitrafjord AS completed the acquisition of 2.68% stake in Kahoot! AS (OB:KAHOT) from Northzone Ventures for NOK 1.3 billion on January 18, 2021.