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Blackstone to sell Simplilearn stake
Hindustan Times Mumbai
|February 07, 2025
Global private equity firm Blackstone is looking to sell its majority stake in Simplilearn, more than three years after buying over 60% in the digital learning platform.
MUMBAI:
Four people aware of the plan confirmed the plan, adding Blackstone's investment bankers have sounded out potential buyers. The global investor had invested about $250 million (over ₹1,870 crore) in the Bengaluru-based startup in 2021.
"They are actively scouting for buyers; bankers have been reaching out to enquire about people's interest," one of the four people said. Mint could not identify the investment bankers involved.
This story is from the February 07, 2025 edition of Hindustan Times Mumbai.
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