Byju’s pushes back payments for billion-dollar Aakash deal
Byju’s, the most valued startup in India and a provider of online education, is delaying payments for a $1 billion acquisition made last year. According to the sources, who declined to be named because the conversations were private, Byju’s requested a two-month delay before paying Blackstone Inc. and other shareholders of test prep company Aakash Educational Services this week. According to the sources, several dealers got partial payments in 2021. According to one of the sources, Blackstone, which controlled 38% of Aakash, decided to postpone payments that were due this…