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BYJU'S seeks to sell Epic in 150 days to settle $1-bn loan: Report
short by Nidhi Sinha / on Sunday, 1 October, 2023
Indian edtech startup BYJU'S is in talks with investors to hive off Epic to help settle $1.2-billion Term Loan B, PTI reported. It reportedly wants to "dispose off" the US-based kids' learning company within 150 days. The proposal has gone to lenders, the report claimed. BYJU'S had acquired Epic in what was a $350 million-$400 million cash-and-stock deal in 2021.
read more at PTI