Netdragon Buys Promethean ❲COMPLETE ✓❳
Following the acquisition, Promethean continued to operate under NetDragon, with significant changes occurring years later:
NetDragon aimed to use Promethean to combine technology, big data, and education, enabling a global "lifetime learning" model.
On November 3, 2015, Hong Kong-listed ("NetDragon") announced the completion of its acquisition of Promethean World PLC ("Promethean"), a London-listed global leader in interactive learning technology. The all-cash deal valued at approximately US$130 million (£84.1 million) gave NetDragon full ownership of Promethean. This move was designed to merge NetDragon’s internet/gaming capabilities with Promethean’s established hardware/software presence in over 100 countries and 1.3 million classrooms. 2. Companies Overview netdragon buys promethean
Provide more details on the into Mynd.AI?
The offer represented a ~48% premium over the closing price of 27 pence on June 15, 2015. The offer represented a ~48% premium over the
£84.1 million (approx. US$130 million or HK$1 billion).
The deal was made via an indirect non-wholly-owned subsidiary, Digital Train, and concluded in November 2015. 5. Post-Acquisition Developments and Evolution particularly the ActivPanel and ActivBoards.
NetDragon aimed to combine its expertise in internet communities and software with Promethean’s leading interactive hardware, particularly the ActivPanel and ActivBoards.