Udemy, Inc. filings document the company’s transition from a Nasdaq-listed online learning platform to a wholly owned subsidiary of Coursera after the completed merger. The record includes Form 8-K disclosure of the merger closing, termination of a secured revolving credit facility, and related capital-structure changes, as well as a Form 25 notification covering removal of Udemy common stock from Nasdaq listing and Section 12(b) registration.
Earlier filings cover operating and financial results, material agreements, shareholder voting matters, governance, risk factors, and capital-structure disclosures for Udemy’s enterprise and consumer learning businesses.
Udemy, Inc. has agreed to combine with Coursera, Inc. to form a larger online learning platform focused on skills development and certification. Udemy highlights its base of more than 80 million learners, 17,000 enterprises and 85,000 instructors, while Coursera brings 191 million registered learners and branded content from top educational and industry partners. Together, the companies aim to offer enterprise customers a more comprehensive set of skills, development and validation solutions, adding access to accredited institutions alongside instructor-led content.
The transaction is expected to close by the second half of 2026, subject to required regulatory approvals, approvals by Coursera and Udemy stockholders, and other customary closing conditions. Management emphasizes opportunities to accelerate investment and innovation, particularly around growing demand for digital skills and the role of AI, while cautioning that numerous risks and uncertainties could affect the combined company’s results and the benefits of the transaction.
Udemy, Inc. describes a proposed business combination with Coursera, Inc. and outlines the related risks, process and required approvals. The communication emphasizes that many statements are forward-looking and subject to substantial uncertainties, including integration challenges, retention of key employees and customers, regulatory approvals and realizing potential synergies. It notes that a registration statement on Form S-4 with a joint proxy statement/prospectus will be filed with the SEC, and urges investors to read these materials carefully when available. The text also clarifies that this is not an offer to buy or sell securities, and explains that Coursera, Udemy and certain directors and executive officers may be deemed participants in soliciting proxies for the transaction.
Udemy, Inc. has shared an instructor-focused FAQ about its proposed business combination with Coursera, Inc. The document outlines common questions instructors may have, such as how the transaction could affect their ability to create and distribute courses, whether the instructor marketplace and revenue-sharing models will continue, and how Udemy’s instructor-driven content may work alongside Coursera’s branded content.
The communication emphasizes that any benefits, synergies, or strategic opportunities from the combination are forward-looking and subject to significant risks and uncertainties. It lists potential risks, including integration challenges, retaining key personnel, maintaining customer and partner relationships, obtaining required regulatory approvals, and possible business disruptions. The companies state that detailed information about the transaction will be included in a registration statement on Form S-4 and a joint proxy statement/prospectus to be filed with the SEC, and note that Coursera, Udemy and certain of their directors and officers may be deemed participants in the proxy solicitation for stockholder approval of the business combination.
Udemy, Inc. has agreed to combine with Coursera, Inc. in a proposed business combination to create a larger online learning platform. The companies describe a plan to build a more comprehensive ecosystem of instructors, university faculty, industry partners, and subject‑matter experts, aiming to support learners from higher education through their professional careers and to address global upskilling and reskilling needs.
The transaction is expected to close by the second half of 2026, subject to regulatory approvals, approval by both Coursera and Udemy stockholders, and other customary conditions. Until completion, Udemy states it will operate on a “business as usual” basis for customers. The communication also highlights numerous risks, including regulatory approvals, integration challenges, potential disruption to current operations and relationships, and uncertainties around realizing anticipated benefits and synergies.
Udemy, Inc. has announced a planned business combination with Coursera, Inc. to create a combined online learning platform. The companies describe the deal as a strategic combination intended to broaden course offerings, AI-powered tools, learning paths, assessments and certifications for both individual learners and organizations.
The plan is to bring together Udemy’s marketplace of expert instructors with Coursera’s university and industry partnerships to expand the catalog and enhance learning experiences. The transaction is expected to close by the second half of 2026, subject to regulatory approvals, approval by both companies’ stockholders, and other customary closing conditions. Until completion, Udemy states it will continue operating business as usual for its users.
Udemy, Inc. has shared an internal employee FAQ about a proposed business combination with Coursera, Inc. The document outlines employee questions on topics such as job roles, potential workforce changes, compensation, stock and RSU treatment, office locations, integration plans, leadership of the combined company, and cultural alignment, although detailed answers are not included in this excerpt.
The communication includes an extensive cautionary note on forward-looking statements, stressing that expected benefits such as annual cost synergies of at least $115 million, operational outlook, and integration plans are subject to significant risks and uncertainties. It highlights risks related to retaining personnel and customers, obtaining regulatory and stockholder approvals, integrating the two businesses, and potential stock price fluctuations. Udemy explains that Coursera intends to file a Form S-4 registration statement with a joint proxy statement/prospectus for stockholders, and urges investors to read these SEC filings when available for full details on the transaction.
Udemy, Inc. has announced a proposed business combination with Coursera, Inc., aiming to create a leading technology platform for skills discovery, development, and mastery for individuals and organizations. The message, directed to Udemy instructors, emphasizes that Udemy’s instructor marketplace will remain a core part of the combined company, with instructor-led, skills-based content complemented by Coursera’s academic and industry-partner network.
The combination is described as expanding instructors’ reach by giving their courses access to Coursera’s 191M+ registered learners, broadening global coverage across more geographies, languages, and skill areas. Management highlights expectations for accelerated innovation and continued investment in human-led, AI-powered tools to help instructors create content, engage learners, and grow their audiences.
The communication also includes extensive cautionary language that these benefits are forward-looking and subject to significant risks, including regulatory approvals, integration challenges, retention of key personnel and partners, market conditions, and potential legal proceedings. Investors and security holders are directed to review a planned Form S-4 registration statement and joint proxy statement/prospectus, as well as existing SEC filings, for detailed information about the proposed transaction and related risks.
Udemy has entered into a definitive agreement to combine with Coursera in a business combination that aims to create a leading technology platform for skills discovery, development, and mastery for both individual learners and organizations. The companies describe this as an important step that supports Udemy’s mission to transform lives through learning.
The transaction is subject to conditions such as regulatory review and stockholder approvals, and a registration statement on Form S-4 with a joint proxy statement/prospectus will be filed with the SEC. Udemy and Coursera emphasize that the combination involves risks and uncertainties, including integration challenges, retention of key personnel and customers, regulatory approvals, and potential impacts on their stock prices, and they direct investors to future SEC filings and existing annual and quarterly reports for detailed risk factors.
Udemy, Inc. describes a proposed business combination with Coursera, Inc. and explains that recent CEO communications about the deal include forward-looking statements. The text highlights that expectations around timing, benefits, and potential synergies from combining the two online learning businesses are uncertain and subject to numerous risks, including competition, AI-related risks, integration challenges, regulatory approvals, legal proceedings and stock price volatility.
It clarifies that the message is not an offer to buy or sell securities or a request for votes. Coursera plans to file a registration statement on Form S-4 with a joint proxy statement/prospectus for Coursera and Udemy stockholders. Investors are urged to read the registration statement, joint proxy statement/prospectus and related SEC filings when available, which will be accessible for free on the SEC’s and each company’s investor relations websites.
Coursera and Udemy plan to combine in an all-stock merger, creating a larger online learning and workforce-skilling platform. Udemy stockholders will receive 0.8 Coursera shares for each Udemy share, with Coursera holders expected to own about 59% of the combined company and Udemy holders about 41% on a fully diluted basis. Pro forma annual revenue exceeds $1.5 billion, with gross margin just over 60% and more than $150 million of adjusted EBITDA, or a 10% margin before synergies. Management targets $115 million of annual run-rate cost synergies within 24 months of closing, driven mainly by go-to-market and G&A efficiencies.
The combined company would bring together Coursera’s 191 million registered learners and subscription strength with Udemy’s 17,000+ Enterprise customers and more than $525 million of Enterprise annual recurring revenue. Leaders highlight a vision to build an AI-powered skills platform leveraging both firms’ content, instructor networks and product capabilities, supported by a pro forma cash balance of nearly $1.2 billion. The deal has been unanimously approved by both boards and is expected to close in the second half of 2026, subject to shareholder and regulatory approvals.