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,
NetDragon pursued Promethean to accelerate its global expansion in the educational technology sector. 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. Disclaimer: This report is based on information available
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. Promethean had been suffering from falling revenues and
NetDragon aimed to use Promethean to combine technology, big data, and education, enabling a global "lifetime learning" model.