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Babbel Appoints New CEO, IPO Plans Off the Table
ByAinvest
Friday, Jun 27, 2025 3:37 am ET1min read
Babbel has named Tim Allen as its new CEO, replacing interim CEO Markus Witte. Allen has previously led Vimeo, Ask.com, and Care.com. He said the company will focus on integrating AI tools to personalize users' experiences while keeping humanity at the center. Allen ruled out an IPO, citing adverse market conditions and sufficient funds for growth. Babbel paused its planned Frankfurt IPO in 2021 due to market conditions and has not revisited the plan since.
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