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

(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.

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