Netdragon Buys Promethean (EXCLUSIVE | CHOICE)

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,

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.

Acquisition Analysis: NetDragon Websoft Acquires Promethean World 1. Executive Summary netdragon buys promethean

The offer represented a ~48% premium over the closing price of 27 pence on June 15, 2015.

A Chinese online game developer and mobile internet platform company known for creating China’s first online gaming portal, 17173.com, and the 91 Wireless app store. It was pivoting towards a "Education + Internet" strategy in 2014-2015. Disclaimer: This report is based on information available

NetDragon aimed to combine its expertise in internet communities and software with Promethean’s leading interactive hardware, particularly the ActivPanel and ActivBoards.

The deal was made via an indirect non-wholly-owned subsidiary, Digital Train, and concluded in November 2015. 5. Post-Acquisition Developments and Evolution It was pivoting towards a "Education + Internet"

The acquisition of Promethean by NetDragon was a pivotal moment in the 2015 ed-tech scene, representing a major push by a Chinese tech company into global physical classroom hardware. It provided NetDragon with the international infrastructure needed for its education initiatives and gave a struggling premium brand (Promethean) the financial backing to transition into a software-driven, AI-focused company.