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Edtech major Byju’s on Monday announced the acquisition of Singapore-based Great Learning in a transaction valued at $600 million, comprising cash, stock and earnout. The company has also earmarked an additional $400 million investment in the professional and higher education segment to accelerate Great Learning’s growth, a press statement said. Advertisement “The acquisition marks Byju’s strong push into the professional upskilling and life-long learning space globally with a total commitment of $1 billion, expanding its offerings beyond the K12 and test prep segments, and further accelerating the company’s growth plans,” it added. Great Learning will continue to operate as an independent unit under the Byju’s group under the leadership of its founder and CEO Mohan Lakhamraju and co-founders, Hari Nair and Arjun Nair.

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