My interest in the world of mergers and acquisitions is virtually zero, but I'll pass along this notice because I imagine some people interested in MOOCs and edtech will want to take note. The announcement states, "they have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction." If you're wondering about the layoffs that inevitably follow such an announcement, they anticipate "annual run-rate cost synergies of $115 million within 24 months of closing", so what's that, a thousand jobs, maybe a quarter of their combined workforce? The announcement also suggests "sustained investment in AI-driven platform innovation, rapid product development, and durable growth initiatives."
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