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tan5i
tan5i
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2021-12-16
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Mark Zuckerberg-Backed Indian EdTech Unicorn In Talks To Go Public In US Via SPAC Merger: Report
India’s biggest online education firm Byju’s is in advanced talks to go public through a merger with
Mark Zuckerberg-Backed Indian EdTech Unicorn In Talks To Go Public In US Via SPAC Merger: Report
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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMark Zuckerberg-Backed Indian EdTech Unicorn In Talks To Go Public In US Via SPAC Merger: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 19:31 GMT+8 <a href=https://www.benzinga.com/news/21/12/24638562/mark-zuckerberg-backed-indian-edtech-unicorn-in-talks-to-go-public-in-us-via-spac-merger-report><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>India’s biggest online education firm Byju’s is in advanced talks to go public through a merger with one of Churchill Capital’s special purpose acquisition companies, BloombergreportedThursday, citing...</p>\n\n<a href=\"https://www.benzinga.com/news/21/12/24638562/mark-zuckerberg-backed-indian-edtech-unicorn-in-talks-to-go-public-in-us-via-spac-merger-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FB":"ProShares S&P 500 Dynamic Buffer ETF"},"source_url":"https://www.benzinga.com/news/21/12/24638562/mark-zuckerberg-backed-indian-edtech-unicorn-in-talks-to-go-public-in-us-via-spac-merger-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130764045","content_text":"India’s biggest online education firm Byju’s is in advanced talks to go public through a merger with one of Churchill Capital’s special purpose acquisition companies, BloombergreportedThursday, citing people familiar with the matter.\nWhat Happened: Byju’s would raise a total of about $4 billion and seek a valuation of about $48 billion based on the preliminary terms discussed, as per the report.\nThe negotiations with investor Michael Klein’s Churchill Capital are not final and an announcement could be made in January. Bloomberg noted. Churchill Capital is also the SPAC partner of California-based luxury electric vehicle maker Lucid Group Inc., which merged with Churchill Capital Corp IV to go public.\nByju’s had reportedly discussed a SPAC merger earlier with Michael Dell’s MSD Acquisition Corp. and Altimeter Capital Management.\nWhy It Matters:Byju’s is the thirteenth most valuable startup in the world with a valuation of $21 billion, as per market research firm CB Insight’s unicorn tracker.\nByju’s was founded by a teacher named Byju Raveendran in 2011. 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