Blackstone raises IDP Education bid to A$3 a share

Blackstone-managed funds raised their takeover offer for Australia's IDP Education by 20 percent to A$3.00 a share, valuing the IELTS co-owner at about A$833.7 million, and IDP's board said it is considering the proposal.

Why it matters: It is Blackstone's third attempt at IDP after bids of A$2.30 and A$2.50 a share were rejected, and the roughly 36 percent premium tests whether a board whose stock has fallen more than 61 percent this year will engage on a business hit by tighter student visa rules.

Data as of Reuters report of November 10, 2026 (dated November 11 in Australia), read in full via the estate browser route after the direct fetch was blocked; bid terms, the board's response and the share price context are from that report. No ASX announcement from IDP was read in this run. Developing item.

Blackstone-managed funds have raised their takeover offer for IDP Education to A$3.00 a share in cash, a 20 percent increase on the A$2.50 offered in early September and the firm’s third attempt after an earlier A$2.30 bid, both of which IDP rejected. The revised price values the Australian education company, co-owner of the IELTS English-language test, at about A$833.7 million (571 million US dollars) and sits roughly 36 percent above the stock’s last close; IDP said its board is considering the proposal and has made no decision.

The bid lands on a business under pressure from tighter immigration and student visa policies in its main destination markets, which have cut international student flows and pushed IDP to reduce jobs, shrink its IELTS test centre footprint and guide to lower adjusted earnings for fiscal 2027. IDP shares have fallen more than 61 percent this year, and the stock rose about 23 percent on the revised offer.

Blackstone raises IDP Education bid to A$3 a share

Sources