Announced
Completed
Financials
Sources
Tags
United States
Acquisition
Single Bidder
Friendly
Private
education technology
Majority
online education
Education Services
Completed
Cross Border
Private Equity
Synopsis
Busuu, a language-learning platform, agreed to acquire Verbling, an online language learning platform that pairs individuals with language teachers via video chat. Financial terms were not disclosed. "No matter how smart technology becomes, language will always be about human interaction – which is exactly why Busuu was built around a learning community. Offering live video tutoring through our acquisition of Verbling is a natural progression for our business, and gives us the potential to expand beyond just language learning in the future," Bernhard Niesner, Busuu Co-Founder and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.