Game-based learning platform Kahoot has acquired language game developer Drops for up to $50 million.
The deal will see Kahoot purchase 100 percent of the shares in Drops for an initial $31 million on a cash and debt-free basis, with an additional $19 million due to be paid out if certain performance targets are met.
Based in Norway, Kahoot runs a learning platform that allows individuals and corporations "to create, share, and play learning games that drive compelling engagement." The company said it has over 1 billion participating players in 200 countries, and that over 200 million games have been played via its platform since its inception on 2013.
Drops, meanwhile, runs a suite of mobile apps containing a range of word games designed to teach the essentials of language. The Drops platform currently boasts around 25 million users, and amassed roughly $7.4 million in revenue during 2019.
Commenting on the move, Kahoot chief exec Eilert Hanoa said it would help the company achieve its goal of becoming the world's leading learning platform.