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

Kahoot ASA

14/07/2023 11:58

(Adds detail about transaction, share move)
       COPENHAGEN, July 14 (Reuters) - 
    Norway's Kahoot  KAHOT.OL  has agreed to a voluntary cash
offer of 17.2 billion Norwegian crowns ($1.72 billion) from the
private equity business within Goldman Sachs 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)

 (Reporting by Louise Breusch Rasmussen, editing by Essi Lehto)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))