IXL Learning, Inc. entered into definitive agreement to acquire Languages division of Rosetta Stone Inc. on February 4, 2021. The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to close in the first half of 2021. Evercore Inc. (NYSE:EVR) acted as financial advisor to IXL Learning and Evan Smith, Sarah Gagan, Kieran Dickinson, Fiona Maclean, Marissa Boynton, Rene de Vera, Nineveh Alkhas, Austin Ozawa, Catherine Drinnan, Sandhya Chandrasekhar, Kenneth Askin, Drew Levin, Mandy Reeves, Patrick English and Hector Armengo of Latham & Watkins LLP acted as legal advisor to IXL Learning. IXL Learning, Inc. completed the acquisition of languages division of Rosetta Stone Inc. on March 17, 2021.