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Saturday, August 27, 2016

Khan Academy Buys Children’s App Developer, Duck Duck Moose, For $1 | EdSurge

Photo: Tony Wan
"Like many parents, Sal Khan has bought Itsy Bitsy Spider, Park Math and other educational apps created by Duck Duck Moose, a San Mateo, Calif.-based startup." reports Tony Wan, Managing Editor at EdSurge.

But the Khan Academy founder just scored what sure looks like a bargain: getting the company’s entire product suite, along with its development team, for less than what he paid for those apps.

Photo: Khan Academy

On Aug. 25, Duck Duck Moose announced that it has “donated” its intellectual property and become a wholly-owned subsidiary of Khan Academy. Khan says his team paid $1—a legal formality required for asset transfers.

“We’ve always viewed early learning as part our mission,” he tells EdSurge in an interview, “but we didn’t have the capacity.” With the acquisition, Khan says his team now has the resources to “create products that prepare kids, from the moment they’re ready to use a mobile device, for kindergarten.”

As part of the deal, Duck Duck Moose’s nine full-time employee will join the nonprofit, and all 21 of its apps will be made available for free.

Source: EdSurge