Coursera and Udemy Announce Definitive Merger to Create AI-Powered Global Learning Platform
The merger unites Coursera’s university-backed and enterprise-focused learning ecosystem with Udemy’s dynamic marketplace for AI-powered skills development.
Coursera, Inc. and Udemy, Inc. have entered into a definitive all-stock merger agreement, combining their platforms to create a leading AI-driven skills development ecosystem. Based on December 16, 2025 stock prices, the combined company is valued at approximately $2.5 billion, with a pro forma annual revenue exceeding $1.5 billion and anticipated cost synergies of $115 million within 24 months.
The merger unites Coursera’s university-backed and enterprise-focused learning ecosystem with Udemy’s dynamic marketplace for AI-powered skills development. The combined platform aims to provide learners and organizations worldwide with a comprehensive suite of tools for discovering, developing, and mastering skills at scale. Both companies highlighted that the union will accelerate AI-native innovation, expand global reach, and offer learners greater value, choice, and career impact.
Under the terms of the agreement, Udemy shareholders will receive 0.8 shares of Coursera stock for each Udemy share, giving Coursera stockholders approximately 59% and Udemy stockholders 41% ownership of the combined company. The merger has been unanimously approved by both boards and is expected to close in the second half of 2026, pending regulatory and shareholder approvals.
Leadership of the combined company will be led by Greg Hart as CEO, with Andrew Ng continuing as Chairman of the Board. The new board will consist of nine directors, six from Coursera and three from Udemy. The merged entity will operate under the Coursera name, trade on the NYSE under the ticker COUR, and maintain its headquarters in Mountain View, California, while Udemy’s NASDAQ listing will be retired.
Executives from both companies emphasized that the merger will empower millions of learners and thousands of enterprise, university, and government customers by providing AI-enhanced tools, personalized learning experiences, and a more agile platform capable of responding to rapidly evolving skill demands. The companies also plan to host a joint conference call to discuss the merger on December 17, 2025.
