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Kahoot agrees to $1.72 billion cash offer from Goldman Sachs, other investors

Published 14/07/2023, 11:35
© Reuters.
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COPENHAGEN (Reuters) - Norway's Kahoot has agreed to a voluntary cash offer of 17.2 billion Norwegian crowns ($1.72 billion) from the private equity business within Goldman Sachs (NYSE:GS) Asset Management and a group of other investors, the company said in a statement on Friday.

Goldman set up Norwegian company Kangaroo for the offer that the bank is making with General Atlantic, Kirkbi invest, Glitrafjord and others, Kahoot said in a statement.

The offer sent the shares up more than 10% to 34.5 crowns, nearing the offer price of 35 crowns per share.

The planned transaction was unanimously recommended by Kahoot's board, the company said.

($1 = 9.9809 Norwegian crowns)

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