[China] NetDragon Websoft Inc. (HKSC: 777), a leading developer and operator of online games and mobile internet platforms in China, announced that it has completed the acquisition of a 100% stake in Promethean, a London-listed world leader in the rapidly growing global interactive learning technologies market, for a total consideration of US$130 million (equivalent to approximately HK$1 billion). The acquisition of Promethean is a testament to NetDragon’s on-going commitment to investing in lifetime learning that brings together technology and big data in a way that improves the overall user experience for all learners around the world.
Together with cherrypicks’ eLearning technology and all the technological synergies and market access opportunities, the group is foreseeing transformational impact on how people learn around the world.
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