General Atlantic, Goldman Bid $1.7 Billion for Kahoot (1)

A group including General Atlantic and Goldman Sachs Asset Management have bid 17.2 billion kroner ($1.7 billion) in cash for Kahoot! ASA, a Norwegian educational-tech company.

Kahoot investors will be offered 35 kroner per share by the consortium, which also includes Kahoot’s Chief Executive Officer Eilert Hanoa and the Lego billionaire family’s Kirkbi Invest, the company said in a statement Friday. The bid represents a premium of 12% to the company’s closing share price on Thursday, and the offer is 33% above the three-month volume weighted average price.

The 10-year-old tech company saw a surge in revenue during ...