Archive · 11 Jun 2025
Byju's Sells Epic, Tynker at a Loss Amid Financial Troubles
Byju's, an education tech company, sold two of its US subsidiaries, Epic and Tynker, at significantly lower prices than it bought them.
This move is part of the company's efforts to recover from its financial troubles and $1.2 billion debt.
Byju's founder, Byju Raveendran, admitted that the company expanded too quickly and that a large loan was a misstep.
The sale of Epic faced a last-minute review from the US Department of Justice due to the buyer's Chinese ownership.
Byju's sold Epic to TAL Education Group for $95 million.
CodeHS acquired Tynker for $2.2 million.
The sales are part of Byju's US Bankruptcy proceedings.
Byju Raveendran acknowledged the company's rapid global expansion as a mistake.
The US Department of Justice intervened regarding Epic's sale.
- Who
- Byju's sold Epic and Tynker.
- What
- Byju's sold its subsidiaries Epic and Tynker.
- When
- The sales were approved on May 20.
- Where
- The sales occurred in the US.
- Why
- To help lenders recover from a $1.2 billion term loan.
Byju Raveendran
Board Members
Financial Strategy
Byju Raveendran
The $1.2 billion term loan was a mistake.
Board Members
The loan was a collective decision with board members.
- Epic Sale Price
- $95 million
- Tynker Sale Price
- $2.2 million
- Term Loan
- $1.2 billion
- Tynker Purchase Price (2021)
- $200 million
- Epic Purchase Price (2021)
- $500 million
- Epic Buyer
- TAL Education Group
- Tynker Buyer
- CodeHS
