The big-ticket acquisition worth $950 million was announced in April 2021. Blackstone owned nearly 38 per cent of the online coaching chain before the acquisition.
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BYJU S to acquire Aakash Educational Services in $1B deal
BYJU S, the world s leading ed-tech company has announced its strategic partnership with Aakash Educational Services Limited (AESL). According to sources, the deal is worth close to USD 1 billion (about 7,300 crores) making it the biggest acquisition by Byju s to date.Â
Founder and CEO Byju Raveendran said the union will bring together the best of offline and online learning. I am happy to have Aakash Educational Services Limited (AESL), a market leader and the most trusted name in the test prep services, onboard with us. Our complementary strengths will enable us to build capabilities, create engaging and personalized learning programs. The future of learning is hybrid and this union will bring together the best of offline and online learning, as we combine our expertise to create impactful experiences for students,â he said.Â