Two American assets of troubled edtech company Byju’s, coding platform ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tynker” target=”_blank”>Tynker and kids learning platform ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/epic” target=”_blank”>Epic, have been sold for a fraction of what the company paid for them.
A US data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/bankruptcy”>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…
