BYJU’S-Owned US Firms Sold At Knockdown Prices

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SUMMARY

Tynker has been acquired by computer science learning platform CodeHS for $2.2 Mn. BYJU’S had acquired the coding platform for $200 Mn

Reading platform Epic! has been bought over by TAL Education Group at a steep discount of 81% for $95 Mn. The edtech major had doled out $500 Mn while acquiring Epic! in 2021

The above fire sales were part of BYJU’S bankruptcy process in the US which involved an unpaid term loan of $1.2 Bn

Two edtech firms bought by BYJU’S during its US stint were reportedly sold off by the…



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BYJU’S-Owned US Firms Sold At Knockdown Prices


SUMMARY

Tynker has been acquired by computer science learning platform CodeHS for $2.2 Mn. BYJU’S had acquired the coding platform for $200 Mn

Reading platform Epic! has been bought over by TAL Education Group at a steep discount of 81% for $95 Mn. The edtech major had doled out $500 Mn while acquiring Epic! in 2021

The above fire sales were part of BYJU’S bankruptcy process in the US which involved an unpaid term loan of $1.2 Bn

Two edtech firms bought by BYJU’S during its US stint were reportedly sold off by the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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