Australian content aggregator startup Go1 acquired the non-fiction book summary platform Blinkist for an undisclosed sum.

Australian content aggregator startup Go1 acquired the non-fiction book summary platform Blinkist for an undisclosed sum. The acquisition gives the combined entity a valuation of "well above $2B," per Sifted. Go1 acquired Blinkist to expand its reach into corporate online learning. Go1, last valued at$2B  at its $100M Series E round last year, started working with Blinkist three years ago, eventually adding 150 of Blinklist's titles to its offerings. Blinkist's co-founder and CEO Holger Seim said, "We will also leverage some of Go1's content from partners. And Go1 will obviously leverage our content within their ecosystem and our capabilities around building great products. Blinkist will continue operating as an independent brand and tap into AI to generate more content while keeping costs low. Blinkist's investor Jonathan Becker, a general partner at Headline, dismissed suggestions that the acquisition was motivated by a race for survival, adding that Blinkist has been cash positive since 2019. The firm was last valued at $160M in 2018 when it raised $18.8M in equity funding. Blinkist's largest investor invested $30M into Go1 through an up round at the time of the acquisition transaction.