DUOL - Mergers and acquisitions

PITTSBURGH, July 09, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ:DUOL), the world's leading mobile learning platform, announced today that it has completed the acquisition of Hobbes, an animation and motion design studio based in Detroit. This is Duolingo's second acquisition, following the successful 2022 acquisition of Gunner, another Detroit-based design and animation studio that is affiliated with Hobbes. Duolingo uses animation and motion design to amplify game mechanics and make its products more fun and engaging. This acquisition marks the inception of a dedicated motion design team within Duolingo's Design department. "Design is a critical part of Duolingo's success, particula

PITTSBURGH, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Duolingo, Inc. (NASDAQ:DUOL), the world's leading mobile learning platform, announced today that it has completed the acquisition of Gunner, a design and animation studio based in Detroit. Duolingo uses animation in its learning apps to drive engagement, keep learners motivated, and build its globally recognized brand. "We know that the hardest thing about learning a language, or any new subject, is staying motivated and that's why we make Duolingo fun," said Luis von Ahn, Co-founder and CEO of Duolingo. "Art and animation are foundational to the Duolingo brand, and we use them to help make Duolingo a beloved daily habit in millions of learner