Announced
Completed
Financials
Sources
Tags
Friendly
Cross Border
Private Equity
digital reading
Majority
United States
Private
Acquisition
Single Bidder
Online and Social Platforms
Completed
Synopsis
Backed by General Atlantic, Sequoia Capital, the Chan-Zuckerberg Initiative, Naspers, Silver Lake, Tiger Global and other investors, BYJU’S, a provider of personalized online learning services, completed the acquisition of Epic, a digital reading platform for kids 12 and under, for $500m. “Our partnership with Epic will enable us to create engaging and interactive reading and learning experiences for children globally. Our mission is to fuel curiosity and make students fall in love with learning. Knowing that Epic and its products are rooted in the same mission, it was a natural fit. Together we have the opportunity to create impactful experiences for children to become life-long learners," Byju Raveendran, BYJU’S Founder and CEO.
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