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Byju’s sells Epic and Tynker for $97.2 million after buying them for $700 million

  • Byju's sells U.S. assets Tynker and Epic! for $97.2 million, much less than the $700 million originally paid.
  • The sale was part of a bankruptcy process in Delaware overseen by U.S. bankruptcy court judge Brendan Shannon.
  • Byju's acquired Tynker for almost $200 million in 2021, and Epic! was sold to China's TAL Education Group for $95 million.
  • Byju's raised a $1.2 billion term loan for global expansion in 2021, but the loan is now entangled in legal issues and director misconduct allegations.

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