General Atlantic Is Said to Eye More Control of Kahoot (1)

General Atlantic is exploring ways to boost its control of Norwegian educational technology company Kahoot! ASA, people with knowledge of the matter said.

The investment firm, which signed a deal in September to become Kahoot’s largest shareholder, is in the early stages of studying options that may include a potential bid to buy out the company’s other investors, the people said.

Shares in Kahoot rose as much as 14.2% on Wednesday. The stock was up 5% at 2:55 p.m. in Oslo, giving the company a market value of about $1.3 billion.

General Atlantic agreed two months ago to buy ...