Frequently Asked Questions
GenAI is fundamentally changing how skills are discovered, developed, and mastered. To build the world’s leading online learning and skill delivery platform, we must move faster and deliver more value.
Coursera and Udemy have helped millions of people gain the skills they need to advance their careers, but each company has done so with distinct capabilities and areas of focus.
This provides us a unique moment to come together to shape the future.
By combining, we can deliver greater value, impact, and choice for our learners, customers, and partners through a united world-class ecosystem. This will enable us to expand global access, accelerate the pace of AI-native innovation, and strengthen the combined company’s financial profile.
The combination is anchored by five core strategic pillars:
- Greater Value, Impact, and Choice
- Leading Platform Capabilities
- Accelerated AI-Native Innovation
- Enhanced Global Reach and Market Opportunities
- Stronger Long-Term Financial Profile
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, representing a 26% premium to the average closing prices of Udemy and Coursera over the last 30 trading days prior to announcement.
The combined company will operate under the name Coursera and trade under the ticker symbol COUR on the NYSE. Upon completion of the transaction, Udemy’s common stock will no longer be listed on NASDAQ.
Coursera will remain headquartered in Mountain View, California.
Upon closing, Greg Hart, Chief Executive Officer of Coursera, will continue to serve as CEO of the combined company. Andrew Ng, Co-Founder of Coursera, will continue as Chairman of the Board. The Board will consist of nine directors, six from Coursera and three from Udemy.
Once the transaction has closed, the combination will be a major step forward in accelerating innovation, expanding our global reach, and creating more value for millions of learners, customers, and expert instructors worldwide.
Here’s how it benefits each of our core audiences:
- Learners: Greater value, impact, and choice, paired with more engaging, personalized, and dynamic learning experiences delivered at unprecedented scale and agility.
- Customers: Continuously updated skills and workforce training delivered through a more comprehensive catalog and AI-native platform.
- Expert instructors: Inclusion in a powerful, complementary ecosystem that expands instructors’ reach, visibility, and impact.
Once the transaction has closed, this combination creates a significantly stronger financial profile with greater scale and efficiency.
We expect to generate meaningful operating efficiencies, with anticipated run-rate annual cost synergies of $115 million within 24 months of closing. These synergies will primarily come from optimizing our go-to-market structure and streamlining general and administrative expenses.
Based on the last twelve months of financials reported as of September 30, 2025, the combined entity has pro forma annual revenue exceeding $1.5 billion, providing the scale and capacity necessary to invest in driving AI-native product innovation while maintaining a disciplined cost structure.
The transaction is expected to close by the second half of 2026, subject to the receipt of required regulatory approvals and the satisfaction of other customary closing conditions, including approval by Coursera and Udemy shareholders.
The transaction has been unanimously approved by the Boards of Directors of both Coursera and Udemy.
In connection with the transaction, Insight Venture Partners and New Enterprise Associates, key shareholders of Udemy and Coursera, respectively, as well as Andrew Ng, the Chairman of the Board of Directors of Coursera, have entered into support agreements and agreed to vote in favor of the transaction.
Coursera’s status as a Public Benefit Corporation (PBC) remains unchanged.
The full announcement is available at investor.coursera.com/news.
Shareholders are also urged to read the registration statement on Form S-4 and the joint proxy statement/prospectus when they become available.