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- Motley Fool
Why 2U Stock Surged Nearly 21% Today
Shares of online education company 2U (NASDAQ: TWOU) were up 20.9% today as of 11:20 a.m. ET. The surge is due to a story that Indian virtual education conglomerate Byju's submitted a buyout offer worth $1 billion, or about $15 per share, as first reported by Bloomberg. This is not the first surfacing of rumors regarding a 2U buyout.
- Yahoo Finance Video
JPMorgan downgrades Amazon, Meta, and 24 other tech company stocks
Yahoo Finance Live anchors break down JP Morgan Chase’s recession forecast.
- Bloomberg
Byju’s Said to Offer Over $1 Billion for 2U to Expand in US
(Bloomberg) -- Indian online-education provider Byju’s has offered to buy 2U Inc. in a cash deal that values the US-listed edtech company at more than $1 billion, a person familiar with the matter said.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsTesla Cuts 200 Autopilot Workers as California Site ClosesBig Tech Sinks Stocks Bruised by Recession Jitters: Markets WrapTrump’s Final Scene Didn’t Go According to ScriptChina Cuts Travel Quarantine in Biggest
