Overview

• Epic! was sold to TAL Education Group for $95 million, marking an 81% loss on its $500 million 2021 acquisition.
• Tynker was purchased by CodeHS for $2.2 million, nearly 99% below the $200 million price BYJU’S paid in 2021.
• US Bankruptcy Court Judge Brendan Shannon signed off on both transactions under a Chapter 11 process in Delaware.
• The divestitures are designed to help lenders recoup part of the $1.2 billion term loan that BYJU’S Alpha defaulted on in 2022.
• BYJU’S remains embroiled in litigation over alleged $533 million fraudulent transfers and faces concurrent insolvency proceedings in India.