Oxford University Press (OUP), the operator of Oxford Dictionaries and the renowned Oxford English Dictionary, acquired the online language portal bab.la, a Hamburg, Germany-based operator of a multilingual dictionary and translation website.
The amount of the deal was not disclosed. The sellers were High-Tech Gründerfonds (HTGF), Mountain Partners and Berlin Venture Partners.
Led by Patrick Uecker, Managing Director, bab.la will complement Oxford’s content with its 39 dictionaries for 25 languages, a language forum, vocabulary lessons, language games, quizzes, verb conjugation for 11 languages, phrase books for university, business or travel, and an internship platform among many other language-related products.
OUP plans to maintain bab.la’s offices in Hamburg with its team of editors and language specialists.
FinSMEs
27/04/2015