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March 21, 2013 06:26 pm GMT
The world of language learning startups is going international. Today, Berlin-based Babbel, which creates online and mobile-based language learning courses, is buying PlaySay, a TC Disrupt finalist that focused on creating mobile apps that turned the process of learning languages into a game -- modelled somewhat loosely on the back-and-forth paired-play concept of "Draw Something." Financial terms of the deal were not disclosed, except to note that the acquisition was being made out of operational cashflow.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aPLp7WKDrvY/
German Language Learning Startup Babbel Buys Disrupt Finalist PlaySay To Target The U.S. Market
The world of language learning startups is going international. Today, Berlin-based Babbel, which creates online and mobile-based language learning courses, is buying PlaySay, a TC Disrupt finalist that focused on creating mobile apps that turned the process of learning languages into a game -- modelled somewhat loosely on the back-and-forth paired-play concept of "Draw Something." Financial terms of the deal were not disclosed, except to note that the acquisition was being made out of operational cashflow.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aPLp7WKDrvY/
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