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 price of Udemy common stock over the last 30 trading days prior to public announcement. Prior to entering into the definitive agreement, each company received a fairness opinion from an independent financial advisor.
The combined company will operate under the name Coursera and trade under the ticker symbol COUR on the NYSE. After 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 and thousands of enterprise, university, and government customers in the rapidly evolving talent transformation market.
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.
The combined company intends to continue to provide charitable contributions and community support at levels substantially comparable to those provided by each company within their respective service areas prior to closing.
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 are expected to 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 and has received HSR clearance.
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.
This commitment shaped deal terms, and integration planning – ensuring the merger strengthens, not dilutes, its public benefit mission.
The Coursera Board unanimously determined that the Merger Agreement was in the best interests of Coursera, taking into account Coursera’s specific public benefit purpose to provide global access to flexible and affordable high-quality education that supports personal development, career advancement, and economic opportunity.
Demonstrating Coursera’s continued commitment, Coursera completed its most recent B Corp certification reassessment in late 2025.
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, which are available here
The disruptive impact of AI is exactly why a transaction like this is a strategic necessity.
Coursera and Udemy both recognized that combining our complementary strengths would allow us to accelerate AI-native innovation – leveraging our shared product, proprietary data, and technology investments.
This shared focus on AI positioned the merger as the best way to meet the growing scale and urgency of AI-driven talent transformation, enabling us to support millions of learners and thousands of organizations as they navigate rapid technological change.
With our expanded content, enhanced technology capabilities, and global reach, the combined company is uniquely equipped to deliver innovative, AI-powered learning solutions worldwide.
The Special Meeting is on April 9, 2026, at 8:00 a.m. Pacific Time, via live webcast at www.virtualshareholdermeeting.com/COUR2026SM
Coursera Stockholders will be asked to consider and vote upon: (1) a proposal to approve the issuance of shares of common stock, par value $0.00001 per share, of Coursera pursuant to the Merger, (2) a proposal to adopt an amendment to Coursera’s Amended and Restated Certificate of Incorporation, to increase the number of authorized shares of Coursera Common Stock from 300,000,000 shares to 600,000,000 shares and (3) a proposal to approve one or more adjournments of the Coursera Special Meeting to a later date or time, if necessary or appropriate, including adjournments to permit the solicitation of additional votes or proxies if there are not sufficient votes cast at the Coursera Special Meeting to approve the proposals described in the foregoing clauses (1) and (2).
The Special Meeting is on April 9, 2026, at 8:00 a.m. Pacific Time, via live webcast at www.virtualshareholdermeeting.com/UDMY2026SM.
Udemy Stockholders will be asked to consider and vote upon: (1) a proposal to adopt the Merger Agreement, (2) a proposal to approve, on a non-binding advisory basis, certain compensation that may be paid or become payable to Udemy’s named executive officers that is based on or otherwise relates to the Merger and (3) a proposal to approve one or more adjournments of the Udemy Special Meeting to a later date or time, if deemed necessary or appropriate, including adjournments to permit the solicitation of additional votes or proxies if there are not sufficient votes cast at the Udemy Special Meeting to approve the proposal described in the foregoing clause (1).