お知らせ • May 11
Coursera, Inc. (NYSE:COUR) completed the acquisition of Udemy, Inc. (NasdaqGS:UDMY).
Coursera, Inc. (NYSE:COUR) entered into an Agreement and Plan of Merger to acquire Udemy, Inc. (NasdaqGS:UDMY) for approximately $1 billion on December 17, 2025. Under the terms of the definitive agreement, Udemy stockholders will receive 0.800 shares of Coursera common stock for each share of Udemy common stock. Upon the closing of the transaction, existing Coursera stockholders are expected to own approximately 59% and existing Udemy stockholders are expected to own approximately 41% of the combined company, on a fully diluted basis. Upon the closing of the transaction, Greg Hart, Chief Executive Officer of Coursera, will continue as Chief Executive Officer of the combined company. The Board of Directors of the combined company will consist of nine directors, six from the Coursera Board, including Greg Hart and Andrew Ng, who will continue as Chairman of the Board, and three from the Udemy Board. The combined company will operate under the name Coursera, trade under the ticker symbol COUR on the NYSE, and be headquartered in Mountain View, California. Upon completion of the transaction, Udemy’s common stock will no longer be listed on NASDAQ. The Merger Agreement includes reciprocal $40.5 million termination fees. Udemy must pay Coursera if it changes its board recommendation, breaches non-solicitation or meeting obligations, or terminates after receiving an alternative proposal and later enters a control-acquiring deal within 12 months. Coursera owes the same fee to Udemy under corresponding circumstances.
The transaction has been unanimously approved by the Boards of Directors of both Coursera and Udemy and is subject to the receipt of required regulatory approvals; approval by Coursera and Udemy shareholders; authorization for listing of the shares of Coursera Common Stock to be issued in the Merger on NYSE; the expiration or termination of any waiting period applicable to the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; effectiveness of the registration statement on Form S-4 for the Coursera Common Stock to be issued in the merger; the receipt by Udemy of an opinion from its counsel to the effect that the Merger (or, if a Restructuring Election is effective, the Two-Step Merger) will qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended; and the satisfaction of other customary closing conditions. On March 10, 2026, the registration statement was declared effective. As of March 25, 2026, the transaction has been approved by the Competition Commission of India. The transaction is expected to close by the second half of 2026. On April 9, 2026, the transaction has been approved by the shareholders of Udemy, Inc. and Coursera, Inc. The Merger remains subject to the satisfaction of the remaining closing conditions.
Qatalyst Partners LP is serving as exclusive financial advisor, David C. Karp, Ronald C. Chen, and Kyle M. Diamond of Wachtell, Lipton, Rosen & Katz is serving as legal counsel, Cleary Gottlieb Steen & Hamilton LLP is serving as regulatory counsel, and FGS Global is serving as strategic communications advisor to Coursera. Morgan Stanley & Co. LLC is serving as exclusive financial advisor, Remi P. Korenblit, Martin W. Korman, and Lianna Whittleton of Wilson Sonsini Goodrich & Rosati PC is serving as legal counsel, and Joele Frank, Wilkinson Brimmer Katcher and Sharon Merrill Advisors are serving as strategic communications advisors to Udemy. Equiniti Trust Company, LLC acted as a transfer agent to Coursera. D.F. King & Co., Inc. acted as a Information agent to Coursera. Alliance Advisors LLC acted as a Information agent to Udemy. D.F. King & Co., Inc. received a $25,000 as a fee. Alliance Advisors has received $40,000 as a fee. Ram Kumar Poornachandran of AZB & Partners acted as legal advisor to Coursera, Inc. and Udemy, Inc.
Coursera, Inc. (NYSE:COUR) completed the acquisition of Udemy, Inc. (NasdaqGS:UDMY) on May 11, 2026. Greg Hart will continue to serve as Chief Executive Officer, and Mike Foley will continue to serve as Chief Financial Officer. The Board consists of nine directors, including six continuing on the Coursera Board and three formerly on the Udemy Board. Andrew Ng will continue to serve as Chairman of the Board. Coursera, Inc. will continue to trade under the ticker symbol “COUR” on the New York Stock Exchange. With the closing of the transaction, Udemy’s common stock is being delisted and will no longer trade on NASDAQ.