Lanham education-technology company 2U Inc. may still be processing its recent $800 million acquisition of another industry player’s assets — but speculation has emerged that it might be the object of a sale itself.
Indian ed-tech giant Byju’s has made the local company’s board an offer to buy 2U (NASDAQ: TWOU) for upward of $1 billion, according to a Bloomberg report, citing a person familiar with the matter. A 2U spokesperson declined to comment to the Washington Business Journal, pointing to a company policy not to comment on market rumors or speculation.
The news was enough to send 2U’s stock price rising by more than 22%, from $9.30 per share on June 28, just before Bloomberg published the story, to $11.40 the following day. As of nearly 3 p.m. Wednesday, 2U shares had hovered a bit higher, around $11.74 apiece.
With a $22 billion valuation, Byju’s is India’s most valuable unicorn and 15th on CB Insights’ list of the most valuable unicorns in the world — a unicorn company…
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