India, June 10 -- Two edtech firms bought by BYJU'S during its US stint were reportedly sold off by the group of lenders who had sued it for a repayment of $1.2 Bn term loan B (TLB).

In a bid to settle accounts, both these subsidiaries Tynker and Epic! were sold at a massive haircut.

While Tynker was bought by computer science learning platform CodeHS for $2.2 Mn in a cash deal, which is almost a 99% reduction from $200 Mn paid by BYJU'S when it acquired the coding platform back in 2021, Epic! was snapped up by Chinese education company TAL Education Group at a steep discount of 81% for $95 Mn. BYJU'S doled out $500 Mn while acquiring Epic! in 2021,

An EdWeek Brief Market report said that the acquisitions were approved by US bankruptcy...