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After Aakash, BYJU’S looks to buy another bigger edtech 2U Inc for $1 Bn

Shortpedia

Content Team
Image Credit: shortpedia

India’s most valued startup and edtech giant BYJU’S has offered to buy 2U Inc – a US-based listed edtech company for $1 Bn. According to a Bloomberg report, BYJU’S made an offer of $15 per share to 2U’s board last week. The offer represents a 61% premium to 2U’s closing price of $9.30 on the NASDAQ on Tuesday and gives the edtech company an enterprise value of about $2 Bn.