Byju’s buys Osmo in $120m deal

Jan 18, 2019 • Jack Hammond

Mattel, Houghton Mifflin Harcourt, JF Shea and Sesame Workshop have exited connected toy producer in an all-share acquisition by Byju's.

Educational app developer Byju’s has acquired US-based connected toy maker Osmo in a $120m deal that will hand exits to several corporate investors, TechCrunch reported on Wednesday.

The all-stock deal will involve Osmo backers including toy producer Mattel, educational publisher Houghton Mifflin Harcourt, television producer Sesame Workshop and real estate developer JF Shea securing shares in Byju’s.

Founded in 2013, Osmo builds and sells educational toys, puzzles, board games and robots that are connected to online apps to help children aged between…

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