Core Insights - Canaccord Genuity set a price target of $7 for Udemy, indicating an 11.38% potential increase, while downgrading the stock from Buy to Hold [1][6] - Coursera and Udemy announced a merger valued at $2.5 billion, leading to a 21.7% surge in Udemy's stock price [2][6] - The merger is expected to generate over $1.5 billion in pro forma annual revenue and $115 million in annual cost synergies within two years [3][6] Company Developments - The merger aims to enhance offerings for individual learners and enterprise clients, leveraging Coursera's partnerships and Udemy's course marketplace [2][4] - Udemy's stock has fluctuated significantly, currently priced at $6.25, with a market cap of approximately $928 million and a trading volume of 24,489,825 shares [5] Market Context - Despite recent revenue growth, both companies face market challenges, reflected in declining share prices, prompting the merger to address investor concerns [4]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global simulcast. We're joined now by Carol Massar and Tim Stenovec from the radio room.Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube. A decidedly down day. Stocks at session lows right now as we get just less than 2 minutes to those bells and Carol Massar, we're going to close below some key mov ...

Coursera and Udemy enter a merger agreement valued at around $2.5B https://t.co/iMYUaurcwB ...

Core Viewpoint - Coursera has announced a combination with Udemy, indicating a strategic move to enhance its market position in the online education sector [1]. Group 1: Transaction Details - The conference call is led by Cam Carey, Vice President of Investor Relations, with participation from key executives including Greg Hart, CEO of Coursera, and Hugo Sarrazin, CEO of Udemy [2]. - The call is structured to provide details about the transaction, followed by a Q&A session, allowing stakeholders to gain insights into the merger [2]. Group 2: Financial Measures - The presentation includes both GAAP and non-GAAP financial measures, with a reconciliation available in the appendix, highlighting the financial implications of the merger [3]. - Forward-looking statements regarding the transaction's expected timing, benefits, and financial impact are included, emphasizing the potential for significant changes in the companies' financial landscapes [3].

Core Viewpoint - The Ademi Firm is investigating Udemy for potential breaches of fiduciary duty and other legal violations related to its transaction with Coursera, which is valued at approximately $2.5 billion [1][2]. Group 1: Transaction Details - Udemy shareholders will receive $0.800 shares of Coursera common stock for each Udemy share in an all-stock transaction [2]. - The transaction is valued at approximately $2.5 billion based on closing prices from December 16, 2025 [2]. Group 2: Board Conduct and Shareholder Rights - The transaction agreement imposes significant penalties on Udemy for accepting competing bids, which may limit competing transactions [3]. - The investigation focuses on whether the Udemy board of directors is fulfilling their fiduciary duties to all shareholders [3].

Summary of Conference Call on Coursera and Udemy Combination Industry and Companies Involved - **Industry**: Online Education and Learning Platforms - **Companies**: Coursera and Udemy Core Points and Arguments 1. **Strategic Combination**: Coursera has entered into a definitive agreement to combine with Udemy, aiming to create a leading technology platform for skills development and mastery for learners and organizations at scale [2][4] 2. **Market Needs**: The World Economic Forum estimates that 39% of key skills will change in the next five years, with 86% of learners using Coursera to transform their careers, highlighting the need for agile platforms that adapt to the evolving labor market [5] 3. **Core Pillars of the Combination**: - Greater value, impact, and choice for learners and organizations - Leading platform capabilities - Accelerated AI-native innovation - Enhanced global reach and market opportunities - Stronger long-term financial profile [5][6] 4. **Combined Strengths**: The merger unites Coursera's verified learning ecosystem with Udemy's dynamic marketplace, allowing for a comprehensive approach to skills development across various learning needs [6][8] 5. **Innovation Acceleration**: The combination is expected to speed up product innovation by sharing resources and eliminating duplicative technology, enhancing the ability to deliver AI-powered learning experiences [9][10] 6. **Global Reach**: Coursera added 7.7 million new registered learners in Q3, bringing the total to 191 million, while Udemy has over 17,000 enterprise customers and generates more than 60% of its revenue outside North America, providing significant global diversification [11][12] 7. **Financial Profile**: The combined entity is projected to have an annual revenue run rate exceeding $1.5 billion, with identified cost synergies of $115 million expected to be realized within 24 months of closing [12][19] 8. **Transaction Structure**: The deal is an all-stock transaction where Udemy shareholders will receive 0.8 shares of Coursera stock for each share of Udemy stock, with Coursera shareholders owning approximately 59% of the combined company [20] 9. **Regulatory Perspective**: The companies believe the combination will deliver better value across the education value chain, although they will need to navigate regulatory approvals [41][42] Other Important Content 1. **Instructor Opportunities**: The merger is expected to provide instructors from both platforms access to a larger learner base, enhancing their ability to monetize their expertise [32][34] 2. **Content Strategy**: Both companies will maintain their distinct content strategies while exploring synergies, focusing on skill-based and outcome-focused learning experiences [42][43] 3. **Geographic Expansion**: The combination presents opportunities to leverage Udemy's international presence to enhance Coursera's offerings outside North America [46][48] 4. **Future Outlook**: The combined entity aims to ensure that human potential keeps pace with technological advancements, creating a platform that delivers more value to learners and greater impact for customers [22][23]

格隆汇12月17日｜在线教育公司Coursera宣布，计划与Udemy进行全股票交易合并后，交易价值约25亿 美元，Udemy股东将获得0.8股Coursera普通股以换取他们持有的每股Udemy股票。这比公告前30个交易 日的平均收盘价高出26%的溢价。交易完成后，现有Coursera股东将拥有合并公司约59%的股份，而 Udemy股东将在完全稀释的基础上拥有约41%的股份。两家公司的董事会已一致批准了合并协议。 Coursera预计，此次合并将在交易完成后24个月内产生1.15亿美元的年化成本协同效应。 ...

of the combined company and he joins us now a first on CNBC interview to discuss. Uh Greg welcome. So tell me this is big you guys and Udemy are two very big public names in this space.the stocks have uh have suffered since 2021, but you in particular Corsera continued to grow across your um universities, business with degrees, uh the consumer and the enterprise. What's the rationale for combining. >> Well, I think the rationale is pretty straightforward.The world has never needed the ability to scale and u ...

Core Viewpoint - Coursera is acquiring Udemy in an all-stock deal valued at $2.5 billion, aiming to consolidate the online education industry amid a post-pandemic slowdown and increased investor scrutiny [1] Group 1: Deal Details - Udemy shareholders will receive 0.8 shares of Coursera for each share held, valuing Udemy at approximately $930 million [1][4] - The offer implies a price of $6.35 per Udemy share, representing a premium of about 18.3% [4] - The deal is expected to close in the second half of next year, pending regulatory and shareholder approvals [4] Group 2: Strategic Rationale - The combined platform is expected to better capture corporate demand for workforce training, especially in areas like artificial intelligence, data science, and software development [2] - Analysts view the merger as strategically and financially compelling due to the complementary content offerings and potential for significant cost synergies [3] Group 3: Market Context - Despite the focus on AI upskilling as a growth opportunity, investor sentiment remains cautious, with shares of online education companies lagging behind broader market performance [6] - Udemy shares have decreased by approximately 35% this year, while Coursera shares have fallen around 7%, both trading below their post-IPO highs [6]

Group 1 - The online education platform Coursera will merge with Udemy, creating a combined company valued at $2.5 billion [1]