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ETS, a nonprofit that owns the GRE and Toefl tests, has held talks to sell the exams or find one or more strategic investors, according to people familiar with the matter.

From The Wall Street Journal

The nonprofit, based in New Jersey, has narrowed the talks to several firms that could potentially buy the exams or act as a strategic investor to expand ETS’s reach into the Middle East and India, said people familiar with the matter.

From The Wall Street Journal

Elysium Management, the family office of Apollo Global Management co-founder Leon Black, had been in talks with ETS but is no longer engaged, said a person familiar with the matter.

From The Wall Street Journal

The talks have also included the possibility of Hillhouse’s joining with a U.S. investor or investors, said people familiar with the matter.

From The Wall Street Journal

The European Union’s executive arm is currently working on new legislation aimed at promoting tech sovereignty, according to officials familiar with the matter.

From The Wall Street Journal