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New Deal


Announced

Completed

Nerdy completed the acquisition of Codeverse.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

United States

child education

Education Services

Acquisition

Completed

coding online platform

Domestic

Single Bidder

Majority

Synopsis

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Nerdy, a platform for live online learning, with a mission to transform the way people learn through technology, completed the acquisition of Codeverse, a creative online platform where kids build apps and games with real code. Financial terms were not disclosed. “Coding is one of the fastest-growing segments in education, yet the tools and resources for students have not kept up with the increasing demand. We understand the importance of coding to our customers, and as we evolve our business to an all-inclusive learning destination the addition of Codeverse to the Varsity Tutors platform will help us deliver on the need for high-quality computer science and coding education year round,” Chuck Cohn, Nerdy Founder, Chairman and CEO.

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