Why 2U Stock Surged Nearly 21% Today

Shares of online education company 2U (NASDAQ: TWOU) were up 20.9% today as of 11:20 a.m. ET. The surge is due to a story that Indian virtual education conglomerate Byju's submitted a buyout offer worth $1 billion, or about $15 per share, as first reported by Bloomberg. This is not the first surfacing of rumors regarding a 2U buyout.