M&A Deal Summary

NetDragon Websoft Holdings Acquires Edmodo

On April 8, 2018, NetDragon Websoft Holdings acquired internet software and services company Edmodo for 138M USD

Acquisition Highlights
  • This is NetDragon Websoft Holdings’ 1st transaction in the Internet Software and Services sector.
  • This is NetDragon Websoft Holdings’ largest (disclosed) transaction.
  • This is NetDragon Websoft Holdings’ 2nd transaction in the United States.
  • This is NetDragon Websoft Holdings’ 2nd transaction in California.

M&A Deal Summary
Date 2018-04-08
Target Edmodo
Sector Internet Software and Services
Buyer(s) NetDragon Websoft Holdings
Deal Type Add-on Acquisition
Deal Value 138M USD

Target

Edmodo

San Mateo, California, United States
Edmodo, Inc. is an education network offering a communication and collaboration platform to K-12 schools targeting teachers, students, administrators and parents. Edmodo, Inc. was founded in 2008 and is based in San Mateo, California.

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Buyer(S) 1

Buyer

NetDragon Websoft Holdings

Fuzhou, China
Category Company
Founded 1999
Sector Digital Media
Employees5,155
Revenue 7.1B CNY (2023)
DESCRIPTION

NetDragon Websoft Holdings is an innovator in online gaming and mobile internet application industries, as well as developing online education, enterprise information systems and VR industry. NetDragon Websoft Holdings was founded in 1999 and is based in Fuzhou, China.

DEAL STATS #
Overall 5 of 5
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (California) 2 of 2
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 JumpStart Games

Torrance, California, United States

JumpStart Games, Inc. is a provider of educational products which specialize in creative and educational games for K-12 children. JumpStart Games, Inc. was founded in 1991 and is based in Torrance, California.

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