NetDragon WebSoft Inc., acquired Promethean World PLC

closed 11/3/2015 via PR Newswire

NetDragon WebSoft Inc., acquired Promethean World PLC

synopsis: NetDragon Websoft Inc., 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.
buyer: NetDragon WebSoft Inc. (SEHK:777:$615.68)
NetDragon Websoft Inc. is a leading innovator and creative force in China's online gaming and mobile internet industries. NetDragon offers many well-known mobile Internet products and services, including 91 Assistant, HiMarket, 91 Launcher,91 Panda Reader,sj.91.com and www.hiapk.com. "
target: Promethean World PLC (LSE:PRW:$174.51)
Promethean is a global education technology leader that partners with schools and teachers to create dynamic learning environments that motivate students to learn. Students engage with interactive, multimedia lessons through ClassFlow, their comprehensive instructional delivery system.
price ($mm)[EV]
$131 [$140]
rev ($mm)
$172
EBITDA ($mm)
EV / rev
0.8x
EV / EBITDA

NetDragon WebSoft Inc., acquired Promethean World PLC


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