New Delhi, Jan. 13 -- Decacorn Byju's has signed a deal to acquire India's test prep leader Aakash Educational Services for $1 billion. Since the deal is still private, there are no official announcements, only the words of several reports. Further, the deal will come through in the coming 2-3 months. With this deal, Aakash's founders, the Chaudhry family, will exit completely. Further, Blackstone (a major investor in Aakash) will swap a portion of its 37.5% equity in Aakash for Byju's stake. The deal, thus, will be one of the largest edtech acquisitions in the world.

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