Chinese developer NetDragon buys online learning community Edmodo for $138 million

Date Type Companies involved Size
April 11th, 2018 acquisition NetDragon Websoft $137.5m
Chinese developer NetDragon buys online learning community Edmodo for $138 million

Chinese online games developer NetDragon has acquired a 100 per cent stake in US online learning community Edmodo.

The online learning platform was purchased for $137.5 million in a “definitive agreement”. The transaction will be paid in cash and shares of NetDragon’s education subsidiary, which is valued at a pre-acquisition valuation of $1.8 billion.

NetDragon has been expanding its operations into the online education sector over the past few years. Previous acquisitions include LA games developer JumpStart and London-based interactive learning technology provider Promethean

Acquired taste

"We are truly excited by the synergies and monetisation opportunities that will be created through this acquisition,” said NetDragon vice chairman Simon Leung.

“We believe our complete product offerings will bring learning experience to another level for learners around the world, and more importantly, will continue to create value for our shareholders."

Last year NetDragon’s educational portfolio contributed to 54 per cent of its ¥3.868 billion ($613 million) revenue.

Get the latest news, interviews and in-depth analysis on Twitter, Facebook and our daily newsletter.

Staff Writer


No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies
Important information

This site uses cookies to store information on your computer. By continuing to use our site, you consent to Steel Media's privacy policy.

Steel Media websites use two types of cookie: (1) those that enable the site to function and perform as required; and (2) analytical cookies which anonymously track visitors only while using the site. If you are not happy with this use of these cookies please review our Privacy Policy to learn how they can be disabled. By disabling cookies some features of the site will not work.