Edtech firm Unacademy, once valued at $3.4 billion, is reportedly in acquisition talks with Allen Career Institute for $800 million. The deal hinges on approval from Allen's promoters, the Maheshwari family, and finalizing share swap ratios and payouts. If acquired, Unacademy's co-founders are expected to depart.
source https://timesofindia.indiatimes.com/technology/tech-news/from-3-4-billion-to-800-million-unacademy-may-be-looking-for-a-buyer-as-valuation-takes-a-major-hit/articleshow/115976963.cms