DivestmentMay 21, 2026, 07:02 AM
Skillsoft Sells Global Knowledge Business for $20M
AI Summary
Skillsoft Corp. announced it has entered into a definitive agreement to sell its Global Knowledge instructor-led training business to EHJob GP LLC, an affiliate of Enduring Ventures. The transaction involves an initial consideration of $10 million and deferred consideration of $10 million, with expected net proceeds of $5 million to $8 million over two years. This strategic divestment aims to sharpen Skillsoft's focus on its AI-native skills management platform, streamline operations, and is expected to be immediately accretive to growth rates, earnings, and cash flow. The deal is anticipated to close in the second fiscal quarter, pending regulatory approvals.
Key Highlights
- Skillsoft to sell its Global Knowledge instructor-led training business.
- Buyer is EHJob GP LLC, an affiliate of Enduring Ventures.
- Initial consideration of $10 million, subject to working capital and debt adjustments.
- Deferred consideration of $10 million, less approximately $2 million for employee liabilities.
- Total expected net proceeds between $5 million and $8 million over approximately two years.
- Transaction expected to close in the second fiscal quarter, subject to regulatory approvals.
- Skillsoft will maintain a strategic partnership with Global Knowledge for ILT offerings.
- Skillsoft will focus resources on its core AI-native skills management platform.
Price Impact
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