Kahoot has acquired language learning mobile game maker Drops for up to $50 million

Norwegian learning platform company Kahoot has acquired Estonia’s language learning mobile game maker Drops for as much as $50 billion.

Kahoot is paying $31 million in cash, plus another $19 million if Drops performs well from 2020 to 2022. It’s a nice payday for the company, which has 25 million users and recently reached a revenue run rate of $10 million.

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