Kahoot shares rise 28% as General Atlantic buys Softbank's stake


FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

OSLO (Reuters) -Softbank said on Friday it had agreed to sell its 15% stake in Norwegian e-learning group Kahoot to U.S. private equity group General Atlantic FT BV.

Kahoot's share price surged 28% in early trade.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Laser-written glass can store data for millennia, Microsoft says
OpenAI's Altman tells leaders regulation 'urgently' needed
Ireland, home to EU tech hubs, mulls teen social media ban
Nvidia, OpenAI near $30 billion investment in place of unfinished $100 billion deal, FT reports
Bill Gates cancels India summit speech to 'ensure focus' on AI
Meta cuts stock awards by 5% for most employees, FT reports
GoPro names insider Brian Tratt as CFO
Amazon can be sued over suicides linked to sodium nitrite, Washington Supreme Court rules
Southern Co raises spending plan by 7% as data center power demand swells
Apple TV partners with EverPass Media to bring sports lineup to bars, hotels

Others Also Read