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New Deal


Announced

Completed

Duolingo completed the acquisition of Gunner.

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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United States

Domestic

Acquisition

Friendly

Single Bidder

Private

Completed

animation studio

Majority

Digital Services

Synopsis

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Duolingo, a mobile learning platform, completed the acquisition of Gunner, a design and animation studio. Financial terms were not disclosed. “Gunner is a world-class illustration and animation studio that we’ve worked with for years, and they know our brand well. Animation brings life to Duo, our iconic brand mascot, and to our cast of characters. It helps make our products great, and our characters memorable. We love Gunner and are thrilled to welcome their whole team to Duolingo,” Bob Meese, Duolingo Chief Business Officer.

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