<ul><li>Two edtech firms, Tynker and Epic!, acquired by BYJU’S during its US stint, were sold off at significantly reduced prices by lenders who sued for repayment of a $1.2 Bn term loan.</li><li>Tynker was bought by CodeHS for $2.2 Mn in a 99% discount from the $200 Mn BYJU’S paid in 2021, while Epic! was purchased by TAL Education Group at an 81% discount for $95 Mn, down from the $500 Mn BYJU’S spent in 2021.</li><li>These sales were approved by the US bankruptcy court and are part of BYJU’S $1 Bn expansion plan in the US, with Epic! offering kids access to books and quizzes, and Tynker providing a K-12 coding platform.</li><li>The bankruptcy case arose as BYJU’S US-based subsidiary failed to repay a $1.2 Bn term loan, leading to a court ruling in favor of lenders. BYJU’S has faced insolvency proceedings in both the US and India.</li></ul>

BYJU’S-Owned US Firms Sold At Knockdown Prices

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