Corporate Valuations - News Byju’s may acquire TutorVista’s division from Pearson : news

Byju’s may acquire TutorVista’s division from Pearson

Date: 15-May-2017

Bangalore-based ed-tech startup Byju’s, which is operated by Think & Learn Pvt. Ltd, is in the final stage of discussions to acquire a division of online education company TutorVista, which is owned by British media group Pearson Plc. The ed-tech firm is likely to acquire the online business of Edurite Technologies Pvt Ltd which TutorVista acquired in 2007. According to a person close to the development at Think & Learn, the company’s latest round values the firm around $700 million (Rs 4,252 crore). Publishing and education services company Pearson picked up around a 17% stake in TutorVista in June 2009. Later in January 2011, Pearson Plc increased its stake to 76% in TutorVista for $127 million (Rs 577 crore then).

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