Northzone to exit completely from Kahoot.

Northzone, the Oslo, Norway-based investment company, announced that it sold its entire equity holding in Kahoot.

The deal was made by Northzone's fund Northzone VII L.P., which sold 12,000,000 shares in Kahoot! AS at a price of NOK 110 per Share, in a deal totalling roughly $153.2M.

11,000,000 Shares were sold to a fund managed by SB Management Limited, a 100% directly owned subsidiary of SoftBank Group Corp.

Following this purchase, SoftBank owns a total of 71,000,000 shares in Kahoot!, increasing its shareholding from 13.45% to 15.92% of the total number of outstanding shares in the Company.

1,000,000 Shares were sold to Glitrafjord AS, a company wholly owned by the Kahoot! CEO Eilert Hanoa through AS Real-Forvaltning.

Following this purchase, Glitrafjord owns a total of 40,208,910 shares in Kahoot!, equivalent to 9.01% of the total number of outstanding shares in the Company. In addition, a person closely related to Eilert Hanoa owns 400,000 shares in Kahoot!.