Fiverr Acquires Online Education Company CreativeLive For Undisclosed Terms

Fiverr International Ltd FVRR acquired Seattle-based online learning company CreativeLive. The financial terms of the transaction remain undisclosed.
CreativeLive is a creative and entrepreneurial education platform where people can learn about design, business, photography, video, marketing, and more. The platform offers 2,000+ classes across a variety of creative and business categories.
The platform's instructors include a diverse group of Pulitzer-, Grammy-, and Oscar-winners, best-selling authors, thought leaders, and entrepreneurs.
CreativeLive will remain a standalone organization, with Founder and CEO Chase Jarvis remaining at the helm.
Fiverr's current online learning platform, Fiverr Learn, will be folded into CreativeLive.
Fiverr held $563.8 million in cash and equivalents as of June 30.
Price Action: FVRR shares traded higher by 4.36% at $185.36 on the last check Thursday.