Key facts
- Blackstone's revised bid values IDP Education at about A$833.7 million, or $571.17 million.
- The A$3 per share offer is about a 36% premium to IDP Education's last close.
- Blackstone has raised its offer by 20% in its third attempt at buying IDP Education.
- IDP Education said its board will consider the new offer and has not yet made any decision.
- IDP Education shares have fallen over 61% this year.
IDP Education said on November 11, 2026 that its board was considering a revised takeover proposal from Blackstone, valuing the IELTS English-language exam co-owner at about A$833.7 million ($571.17 million), Reuters reported.
Under the revised bid, IDP Education shareholders would receive A$3 per share, about a 36% premium to the stock's last close. Blackstone has raised its offer by 20% in its third attempt at buying the firm.
Blackstone-managed funds offered A$2.50 per share in cash for IDP in early September, following an earlier bid of A$2.30. Both were rejected. IDP said its board will consider the new offer and has not yet made any decision.
Tighter immigration and student-visa policies across major destination markets have hit international student flows, prompting IDP to cut jobs, curb its IELTS test-centre footprint and project lower adjusted EBIT for fiscal 2027. Shares have fallen over 61% this year.