Here’s an interesting story. British Council has sold its stake in IELTS in India to IDP. As you probably know, IELTS is a partnership between British Council (non-profit), IDP (for-profit) and Cambridge University. British Council netted 130 million GBP (180 million USD).
Some people are unhappy. Others, presumably, are quite happy.
Note that British Council has sold only the operations in India. I guess it still retains its stake in the test outside of India.