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Flex Class In Talks To Acquire Edustars Tokens

09-19-2018 09:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Flex Class Holdings

Flex Class Holdings To Acquire Edustars Tokens

Flex Class Holdings To Acquire Edustars Tokens

Flex Class Holdings has officially initiated the process of acquiring Edustars tokens for its proposed Initial Coin Offering (ICO) for an undisclosed amount. The transaction mainly involves right over its brand name and the domain name Edustars.io.

Flex Class Holdings, a $15 billion (INR 109,000 crore) online education company is proposing ICO from over a year.

On the basis of anonymity, a person closer to the transaction estimates the deal value at $10 million (INR 72.90 crore), which may be paid in a mix of both cash and tokens. The deal will be closed in the next one week.

As per the insiders, a separate ETH smart contract will be created, hence, all the previous token holders of Edustars will not benefit from the deal.

It is though confirmed that few people who were closer to the management of Edustars may receive few tokens post acquisition, however, Edustars is not bound to allocate any new tokens under the new smart contract.

Edustars which proposed its own ICO last year discontinued the process due to regulatory hurdles.

As per the insiders, Flex Class is raising $53 million (INR 386 crore) from the non-US investors and is about to seal the deal.

“It is a moment for pride for us. Edustars is very close to our heart. It was unfortunate that the regulatory hurdles delayed our own ICO, but it is an honor to see Edustars going into bigger hands and at a respectable price,” said Rahul Kumar, one of the two Founders of Edustars Tokens.

A pioneer in online education for professionals, we create course programs, exams, and lab projects that help professionals across the world successfully prepare for and complete certification exams with ease. Our unique blended model of training brings together the best of self-learning and online training, making for a successful learning experience.

We strive to constantly improve our learning frameworks to make them more user-friendly.

Our courses are upgraded continuously to ensure our learners are up-to-date on the latest industry requirements and best practices.
We assist our learners in applying for the certification exam of their choice, and our vibrant community of experts and certified professionals is a powerful resource pool of tips, tricks, and insightful advice.

Flex Class India
Postal Address: Statesman House Connaught Place New Delhi - 110001
India
Press Contact: Thomas Mueller
Email: help@flexclass.org
Web: www.flexclass.org

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