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Norway's Kahoot agrees to $1.72 billion buyout by Goldman Sachs Asset Management

Investing.com -- Norwegian educational technology platform Kahoot As (OL:KAHOT) has agreed to a buyout worth roughly $1.72 billion by Goldman Sachs (NYSE:GS) Asset Management's private equity unit and a group of other investors, the company announced on Friday.

In a statement, Kahoot said the total value of the offer is approximately 17.2B Norwegian crowns, and represents a 53.1% premium to the group's share price on May 22.

The move will see the private equity division within Goldman Sachs Asset Management invest alongside General Atlantic, Glitrafjord and others, including the investment vehicle for the founding family of Lego, Kahoot noted.

Kahoot's board unanimously approved the proposed transaction, it added.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.