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Duolingo Acquires Animation Studio Gunner For Undisclosed Sum

Shivani Kumaresan
·1 分鐘文章

  • Mobile learning platform Duolingo Inc (NASDAQ: DUOL) has completed the acquisition of Gunner, a design and animation studio based in Detroit. The financial details of the transaction were not disclosed.

  • Gunner has been an animation and design partner for Duolingo since 2020.

  • Gunner produces art and animations that show up in Duolingo's flagship language app and early childhood literacy app, Duolingo ABC.

  • The acquisition will add fifteen new designers, illustrators, and animators to Duolingo's existing design teams.

  • The company held $591.2 million in cash and equivalents as of June 30, 2022.

  • "Art and animation are foundational to the Duolingo brand, and we use them to help make Duolingo a beloved daily habit in millions of learners' lives," said CEO Luis von Ahn.

  • Price Action: DUOL shares closed higher by 4.88% at $101.73 on Tuesday.

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