Two American assets of troubled edtech company Byju’s, coding platform Tynker and kids learning platform Epic, have been sold for a fraction of what the company paid for them.
A US bankruptcy court approved both the sales during a hearing on May 20, as per a report by EdWeek Market Brief.
Computer science education company CodeHS has acquired Tynker for $2.2 million in cash, a significant drop from the $200 million that Byju’s paid in a cash-and-stock deal to acquire it in 2021.
Epic, which was acquired by Byju’s in 2022 through a $500-million…