15.07.15

NetDragon makes $130m bid for Promethean World

Chinese online gaming firm NetDragon has made an approach to acquire British education products company Promethean World in a $130m deal.

It is thought the bid is in its early stages with and, if successful, will go forward in the next two months.

Promethean, a 17-year old company, began selling interactive displays and has since launched Promethean Planet, an online, interactive education community. Last year it bolstered its software and online offerings with ClassFlow, an interactive lesson-delivery and formative-assessment system.

Headquartered in Blackburn in the UK, Promethean is estimated to do business in 110 countries with products in 1.3 million classrooms worldwide. Around half its revenues come from the US and the rest internationally.