Content-type: text/html Downes.ca ~ Stephen's Web ~ 2U set to acquire non-profit edX for deal north of $600M

Stephen Downes

Knowledge, Learning, Community

It must really be the end of the pandemic because online education companies are cashing in while the market is still hot. TechCrunch reports, "2U, a SaaS platform that helps non-profits and colleges run online universities, plans to acquire all the assets of Harvard and MIT-founded edX for a deal north of $600 million." Inside Higher Ed reports it a bit differently: "2U and edX, two major players in the online learning ecosystem, announced Tuesday that they would combine." Perhaps the most significant aspect of this transaction, reports TechCrunch, is that EdX will transition from being a charity to being a public benefit corporation. "edX as it currently stands – a massive education non-profit – will no longer function as it currently does in the future."

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Stephen Downes Stephen Downes, Casselman, Canada
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Last Updated: Apr 26, 2024 06:45 a.m.

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