IDP Education’s board is considering Blackstone’s revised takeover proposal, which values the IELTS English-language exam co-owner at about A$833.7 million ($571.17 million). Blackstone has increased its offer by 20% in its third attempt to acquire the company, proposing A$3 per share, or about a 36% premium to IDP’s last closing price. The board has not made a decision. Blackstone-managed funds previously offered A$2.50 per share in cash in early September, following an earlier A$2.30 bid; both proposals were rejected. Tighter immigration and student-visa policies in major destination markets have reduced international student flows, prompting IDP to cut jobs, reduce its IELTS test-centre footprint and project lower adjusted EBIT for fiscal 2027. IDP shares have fallen more than 61% this year. The cited exchange rate was $1 to A$1.4596.