India's biggest online-education startup Byju's has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services. for $1 billion. The deal for what will be one of the largest ed-tech acquisitions in the world should close in the next two or three months.
Identify the type of acquisition that would take place between the two firms.
Identify the type of acquisition that would take place between the two firms.
Answer & explanation
Correct answer: option 1
Friendly acquisition :Both the companies approve of the acquisition under friendly terms. There is no forceful acquisition and the entire process is cordial.