Edtech company Byju's pushes back payment for $1 billion acquisition

Byju's is pushing pack payments for approximately $1 billion acquisition that was made last year. 

Byju’s sought a two-month extension for the payment of due which are to be paid for the services. Some sellers received partial payment in 2021. Blackstone, which owned 38% of Aakash, changed it’s payment dues this year. The acquisition process is “fully on track and all payments are expected to be completed by the agreed upon date that is August 2022,” Byju’s spokeswoman said.