Statista projects the global e-learning market will experience annual growth of nearly 11%, positioning LTG for continued success despite rising competition.
A Reshaped Future
LTG’s leadership has expressed confidence in the deal’s valuation, with senior independent director Simon Boddie noting that the cash offer “represents an opportunity for shareholders to realize this attractive value.” However, the board has refrained from recommending a specific offer.
General Atlantic has a history of supporting innovative e-learning platforms like Duolingo and Kahoot!, reflecting its alignment with LTG’s mission. Recent General Atlantic investments include an $825 million infusion into Vuori and a $500 million round for marketing platform Insider.
With this acquisition, General Atlantic solidifies its position as a key player in the rapidly evolving digital learning landscape.
