The merger brings together Coursera's university-backed and enterprise-focused learning ecosystem with Udemy's dynamic marketplace for AI-powered skill development.
Coursera Inc. and Udemy Inc. has entered into a definitive all-stock merger agreement to bring together the platforms of both companies to create a cutting-edge AI-driven skills development ecosystem. Based on the December 16, 2025 stock price, the combined company is valued at approximately $2.5 billion, with estimated annual revenues of more than $1.5 billion and expected cost synergies of $115 million within 24 months.
The merger brings together Coursera's university-backed and enterprise-focused learning ecosystem with Udemy's dynamic marketplace for AI-powered skill development. This integrated platform aims to provide learners and organizations around the world with a comprehensive suite of tools to discover, develop, and master skills at scale. The companies emphasized that the union will accelerate AI-native innovation, expand global reach, and provide learners with greater value, choice, and career impact.
Under the terms of the agreement, Udemy shareholders will receive 0.8 Coursera shares for every Udemy share, and the combined company will be owned approximately 59% by Coursera shareholders and 41% by Udemy shareholders. The merger has been unanimously approved by both boards of directors and is expected to close in the second half of 2026, subject to regulatory and shareholder approval.
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 combined company 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 delisted.
Executives from both companies emphasized that the combination will empower millions of learners and thousands of business, university, and government customers with AI-enhanced tools, personalized learning experiences, and an agile platform that can meet rapidly evolving skill demands. The companies also plan to host a joint conference call to discuss the merger on December 17, 2025.
