Byju's Considers Acquisition of Chegg (CHGG) or 2u (TWOU) - Bloomberg

May 16, 2022 1:36 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

(Updated - May 16, 2022 1:41 PM EDT)

Byju’s, an India online education startup, is in talks to acquire a U.S. target and likely to bid for either Chegg (NYSE: CHGG) or 2u (NASDAQ: TWOU), according to Bloomberg, citing people familiar with the matter. Byju’s has held talks with both.

Bankers aim to make an offer in the coming weeks, and a deal could be about $2 billion, the report said.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot M&A, Mergers and Acquisitions, Rumors, Trader Talk

Related Entities

Definitive Agreement