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  5. italki HK Acquires Lingbe

M&A Deal Summary

italki HK Acquires Lingbe

On October 30, 2019, italki HK acquired internet software and services company Lingbe

Acquisition Highlights
  • This is italki HK’s 1st transaction in the Internet Software and Services sector.
  • This is italki HK’s 1st transaction in Spain.

M&A Deal Summary
Date 2019-10-30
Target Lingbe
Sector Internet Software and Services
Buyer(s) italki HK
Deal Type Add-on Acquisition

Target

Lingbe

Madrid, Spain
Lingbe is a free language practice mobile app that allows users to call native speakers instantly. The live chat app helps users practice speaking a foreign language by instantly connecting them to native speakers around the world.

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Buyer(S) 1

Buyer

italki HK

Kowloon, China
Category Company
Sector Internet Software and Services
DESCRIPTION

italki HK Ltd. is a global language learning community that connects students and teachers for 1-on-1 online language lessons. italki believes that human interaction and cultural sharing are the best way to become fluent in a foreign language. With over 5 million students and 10,000 high-quality teachers teaching more than 130 languages, italki helps everyone with their personal journey to fluency.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2019 M&A 1 of 1
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