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Byju's in advanced talks to sell Epic for $400 million
The Morning Standard
|November 07, 2023
EDTECH company Byju's is in advanced talks to sell its US-based digital reading platform Epic for about $400 million.
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According to sources, the edtech firm will close the sale in another two weeks or at least by the end of this month, and that at least four buyers including Joffre Capital and Duolingo have expressed interest in buying Epic.
Byju's, which is grappling with multiple challenges, is selling Epic to repay the loan amount.
In September, this newspaper reported that the edtech company will repay the $1.2 billion term loan B by selling Great Learning and Epic, which were acquired in 2021.
このストーリーは、The Morning Standard の November 07, 2023 版からのものです。
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