Coursera and Udemy Set to Merge for $2.5 Billion

Global e-learning giants Coursera Inc. and Udemy Inc. have announced a merger valued at about $2.5 billion in an all-stock deal. 

The agreement, based on the closing share prices of both companies on December 16, 2025, has been approved by the boards of both companies.

Under the terms, Udemy shareholders will receive 0.800 shares of Coursera stock for each Udemy share. This represents a 26% premium over the average closing prices of both stocks in the 30 days before the announcement.

The merger will combine Coursera and Udemy’s strengths in consumer and enterprise learning, workforce training, and career development. 

The unified platform is expected to serve millions of learners, and thousands of enterprise, university, and government customers worldwide.

“We’re at a pivotal moment in which AI is rapidly redefining the skills required for every job across every industry. Organizations and individuals need a platform that is as agile as the new skills learners must master,” said Coursera CEO Greg Hart.

Udemy CEO Hugo Sarrazin added that the merger will accelerate AI-powered product development, expand global reach, and unlock revenue and operational synergies over the long term.

Financially, the combined company expects to achieve $115 million in annual cost savings within 24 months of closing. Coursera also plans a major share repurchase program after the deal.

The merger is expected to close in the second half of 2026, pending regulatory and shareholder approvals. Key shareholders, including Insight Venture Partners, New Enterprise Associates, and Coursera Chairman Andrew Ng, have agreed to support the deal.

After the merger, Greg Hart will remain CEO, and Andrew Ng will continue as Chairman. The board will have nine directors, six from Coursera and three from Udemy. 

The company will operate under the Coursera name, trade under the ticker COUR on the NYSE, and be headquartered in Mountain View, California. Udemy’s shares will be delisted from NASDAQ, while Coursera will maintain its status as a Public Benefit Corporation.

In Nigeria, both platforms are popular, with Coursera being a key partner in government digital skills programs through the National Information Technology Development Agency (NITDA), training millions of Nigerians in digital skills.

The merger marks a major step in global e-learning, combining two of the world’s leading platforms to strengthen AI-driven learning and career development.