Prosus, the largest external investor in Byju's with a 9.6% stake, says its stake in the Indian edtech giant is now worth zero; Prosus invested a total of $570M
One of Byju's largest investors, Prosus, on Monday said it believes its stake in the Indian edtech startup is now worth nothing …
Sources: Byju's plans to sell Epic, acquired for $500M, to settle debts after defaulting on a $1.2B loan, and may also sell Great Learning, acquired for $600M
Online education company was once India's most valuable start-up but now plans asset sales to settle debts LinkedIn: Amit Gupta LinkedIn: Amit Gupta : Ah, the Financial Times finally caught the train,...
Prosus says Indian edtech giant Byju's “disregarded advice” on “strategic, operational, legal, and corporate governance”, after cutting its valuation to $5.1B
Manish Singh / TechCrunch :
Sources: Byju's is in advanced talks with new shareholders to raise $1B, seeking to stave off attempts by investors to reduce founder Byju Raveendran's control
Anto Antony / Bloomberg :
Prosus, a top shareholder in Byju's, cuts the value of its Byju's stake, implying a $5.1B valuation, far below the Indian edtech giant's recent $22B valuation
Prosus, the largest non-founder shareholder in Byju's, has drastically slashed the worth of its stake in the edtech giant …
Source: Byju's paid ~$234M to Blackstone for ~38% shares in Aakash, settling its dues to the private equity firm as part of the ~$1B acquisition in April 2021
Manish Singh / TechCrunch :
Source: Byju's has paid ~$234M to Blackstone for ~38% shares in Aakash, settling all its dues owed to the PE firm as part of a ~$1B deal from April 2021
Byju's has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash …
Source: Byju's offers to acquire 2U Inc. for ~$15 per share in cash, a 61% premium on its $9.30 Tuesday closing price, valuing the US edtech company at ~$2B
Saritha Rai / Bloomberg :
Sources: Indian edtech company Byju's is in advanced talks to go public via SPAC on the NYSE, raising around $4B and valuing it at about $48B
- Education startup is discussing deal with Churchill Capital — SPAC merger could value Byju's at more than $40 billion
Byju's acquires Austria-based GeoGebra, which develops an interactive math learning tool reaching 100M students, source says for $100M in cash and stock
Market summary: 📊 — Adding up to be a good week … Arun Padmanabhan / The Economic Times : Byju's acquires Austria's math platform GeoGebra in $100 million deal