AcquisitionDec 17, 2025Completed
🇺🇸 United States
UUdemy, Inc.CCoursera, Inc.
Consumer & Retail › Education
Deal valueUndisclosed
AnnouncedDec 17, 2025
ConsiderationStock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Coursera and Udemy entered into an all-stock merger agreement in which Chess Merger Sub, a Coursera subsidiary, merges with and into Udemy, leaving Udemy a wholly owned subsidiary of Coursera. Udemy holders receive Coursera common stock valued at about $6.35 per share at announcement and about $4.93 per share on March 6, 2026.
Deal rationale
The document presents the combination of two online learning platforms as advisable and in the best interests of both companies' stockholders, with Udemy holders owning about 40.9% of the combined company.
AI-generated from the SEC filingCompletedConsumer & Retail › EducationUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
QPQatalyst Partners
Sell-side
MSMorgan Stanley