{"id":859365,"date":"2024-09-25T08:10:08","date_gmt":"2024-09-25T02:40:08","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=859365"},"modified":"2024-09-25T08:10:41","modified_gmt":"2024-09-25T02:40:41","slug":"byjus-loses-control-of-us-arm-as-delaware-court-upholds-default-ruling","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/25\/byjus-loses-control-of-us-arm-as-delaware-court-upholds-default-ruling\/","title":{"rendered":"Byju\u2019s loses control of US arm as Delaware court upholds default ruling"},"content":{"rendered":"<p>The Delaware Supreme Court has upheld a ruling that Byju\u2019s defaulted on its $1.2 billion term loan B (TLB), allowing lenders to take control of Byju\u2019s Alpha Inc, the company\u2019s American subsidiary. <\/p>\n<p>The loss is a setback for Byju\u2019s as it closes its options of monetising platforms like Epic and Great Learning, which are part of the US subsidiary, which it was looking to sell to raise funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delaware Supreme Court has upheld a ruling that Byju\u2019s defaulted on its $1.2 billion term loan B (TLB), allowing lenders to take control of Byju\u2019s Alpha Inc, the company\u2019s American subsidiary. The loss is a setback for Byju\u2019s as it closes its options of monetising platforms like Epic and Great Learning, which are part of the US subsidiary, which it was looking to sell to raise funds.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-859365","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/859365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=859365"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/859365\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=859365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=859365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=859365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}