Edtech giant faces hard slog on its M&A fieldtrip

2U

19/07/2022 03:37

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Una Galani
    MUMBAI, July 19 (Reuters Breakingviews) - Byju’s, India’s
most valuable startup, is eyeing U.S. higher-learning specialist
2U in the latest period of both firms’ deal frenzy. It’s betting
education technology can be outsourced to its home country. If
wrong, Byju’s will be an M&A version of a Dr. Frankenstein
experiment.
    
    Full view will be published shortly.
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    CONTEXT NEWS
    Indian education technology firm Byju’s is raising funds to
finance a $2.4 billion acquisition of American peer 2U, the Mint
newspaper reported on July 4. New York-listed 2U has a market
capitalisation of $770 million.

 (Editing by Antony Currie and Pranav Kiran)
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