iHuman Inc. Announces Acquisition of Businesses and Assets Related to All Knowledge and Perfect Lingo
iHuman Inc. has entered into agreements to acquire the businesses and assets of All Knowledge and Perfect Lingo for an aggregate of RMB94 million ($13 million USD). The acquisitions expand iHuman's AI-powered education portfolio, adding humanities literacy and English vocabulary learning apps that complement its existing child-development products.
Key figures
- Deal Value Usd
- RMB94.0 million
- All knowledge base price
- RMB67.0 million
- Perfect lingo base price
- RMB27.0 million
- All knowledge earnout max
- RMB29.0 million
- Perfect lingo earnout max
- RMB12.0 million
- All knowledge downside adjustment
- RMB51.0 million
- Perfect lingo downside adjustment
- RMB21.0 million
AI analysis
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