$700 Million Takeover Bid Sparks Controversy at IDP Education

IDP Education's board of directors has come under scrutiny for its handling of Blackstone's $700 million takeover bid. The company, which provides education services to international students, saw its share price halve since the government started cracking down on the student-to-visa pipeline.

The IDP Education board, led by Tracey Horton, chose to remain silent about the bid for two weeks, sparking confusion among investors and analysts.

Blackstone's takeover bid is a significant development in the education sector, which has been facing increased regulatory scrutiny from governments around the world.