Overview
- Udemy shareholders will receive 0.8 shares of Coursera stock for each Udemy share under the agreement.
- The boards of both companies approved the transaction, which now requires shareholder consent and regulatory review before closing in late 2026.
- Management projects more than $1.5 billion in pro forma annual revenue and roughly $115 million in annual run‑rate cost savings within two years of closing.
- Coursera will lead the combined company, with Greg Hart continuing as CEO and Andrew Ng remaining chair, overseen by a nine‑member board with six Coursera and three Udemy directors.
- After completion, Udemy will be a wholly owned subsidiary, its Nasdaq listing will be removed, the combined company will trade on the NYSE as COUR, existing Coursera and Udemy holders are expected to own about 59% and 41% respectively, and Coursera has signaled potential share repurchases.