MergerMay 11, 2026, 09:21 AM
Coursera Completes Merger with Udemy; Combined Revenue Over $1.5B
AI Summary
Coursera, Inc. announced the completion of its merger with Udemy, Inc. on May 11, 2026, creating a comprehensive skills platform for the AI era. The transaction involved exchanging each Udemy share for 0.800 shares of Coursera common stock, with Udemy becoming a wholly owned subsidiary. The combined entity boasts over $1.5 billion in annual revenue for 2025 and expects $115 million in annual cost synergies within 24 months. This strategic move aims to accelerate AI-powered innovation and enhance skills development for a global ecosystem of 290 million learners and 18,000 enterprise customers.
Key Highlights
- Coursera completed its merger with Udemy on May 11, 2026, making Udemy a wholly owned subsidiary.
- Each outstanding share of Udemy common stock was exchanged for 0.800 shares of Coursera common stock.
- The combined company reported over $1.5 billion in annual revenue for 2025.
- Anticipated run-rate annual cost synergies are $115 million within 24 months of closing.
- Former Coursera stockholders own approximately 59% and former Udemy stockholders own approximately 41% of the combined company.
- The combined entity unites 290 million learners, 18,000 enterprise customers, and 95,000 instructors.
- Greg Hart continues as CEO, Mike Foley as CFO, and Andrew Ng as Chairman of the 9-director board.