- 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.
Brenmiller Issues Letter To Shareholders; Production Plant With Capacity Of Up To 4 GWh Expected To Be Operational By Year-End 2023; Will Support Up To $200M In Orders Per Year By 2024
Production plant with capacity of up to 4 GWh expected to be operational by year-end 2023; will support up to $200 million in orders per year by 2024
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