Kahoot agrees to $1.72 billion cash offer from Goldman Sachs, other investors
COPENHAGEN (Reuters) - Norway's Kahoot has agreed to a voluntary cash offer of 17.2 billion Norwegian crowns ($1.72 billion) from the private equity business within Goldman Sachs Asset Management and a group of other investors, the company said in a statement on Friday.
Goldman set up Norwegian company Kangaroo for the offer that the bank is making with General Atlantic, Kirkbi invest, Glitrafjord and others, Kahoot said in a statement.
The offer sent the shares up more than 10% to 34.5 crowns, nearing the offer price of 35 crowns per share.
The planned transaction was unanimously recommended by Kahoot's board, the company said.
($1 = 9.9809 Norwegian crowns)
(Reporting by Louise Breusch Rasmussen, editing by Essi Lehto)
