Netdragon Buys Promethean -

NetDragon aimed to use Promethean to combine technology, big data, and education, enabling a global "lifetime learning" model.

In 2023, NetDragon announced a plan to spin off Promethean to merge with Gravitas Education Holdings, aiming to operate as a standalone company (later known as MYND.AI) listed on the NYSE to focus on AI in education. netdragon buys promethean

Promethean had been suffering from falling revenues and losses ($6.9 million loss in the year prior to the deal), providing a, lower-cost entry for NetDragon to acquire a premium brand. 4. Deal Structure and Terms Price: 40 pence in cash per Promethean share. NetDragon aimed to use Promethean to combine technology,

£84.1 million (approx. US$130 million or HK$1 billion). US$130 million or HK$1 billion)

Disclaimer: This report is based on information available in the search results as of April 2026. The 2015 acquisition is finalized, while subsequent spin-off activities occurred in 2023. To make this paper even more complete,

The deal was made via an indirect non-wholly-owned subsidiary, Digital Train, and concluded in November 2015. 5. Post-Acquisition Developments and Evolution

Look into Promethean made due to NetDragon's investment? NetDragon expands with Promethean acquisition