COUR Coursera Inc

Coursera, Inc. (NYSE:COUR) and Udemy, Inc. (NASDAQ:UDMY) have entered into a definitive agreement for an all-stock transaction. The combination, advised by Qatalyst Partners for Coursera, implies an equity value of approximately $2.5 billion for the combined company. This merger will bring together two of the largest online learning platforms in the world.

Coursera CEO Greg Hart is applying leadership principles learned during his 23-year tenure at Amazon to transform the online learning platform. He has introduced leadership mindsets and a focus on speed to meet the surging demand for AI skills, which now accounts for 1,100 of Coursera's 12,000+ courses. Hart also adopted Amazon's approach to all-hands meetings, centering them on a single leadership principle to ensure consistent communication across the organization.

|Coursera CEO Greg Hart discusses the recent $2.5 billion all-stock merger with Udemy, highlighting how this consolidation aims to create an AI-native skills platform offering learners greater choice and accelerating innovation. The combined entity, with over 191 million registered learners, is expected to generate $1.5 billion in annual revenue and realize significant synergies. Hart emphasizes the strategic importance of India as a key market and the focus on upskilling workforces in AI, while also addressing financial health and regulatory considerations.

Coursera and Udemy have entered into a definitive all-stock merger agreement, valuing the combined company at approximately $2.5 billion. This merger aims to accelerate AI-native product development and achieve $115 million in annual run-rate cost synergies within 24 months. The deal is expected to close in the second half of 2026, subject to regulatory and shareholder approvals, with Coursera shareholders owning 59% and Udemy shareholders 41% of the merged entity.

Thirteen analysts have issued a consensus "Hold" recommendation for Coursera, Inc. (NYSE:COUR), with an average 1-year price target of $12.45. This mixed outlook is influenced by Coursera's all-stock bid for Udemy, which is strategically beneficial for scaling enterprise training but introduces concerns about dilution and valuation. Despite beating recent quarterly revenue and EPS estimates, Coursera remains unprofitable, and analysts anticipate a negative EPS for the current year.

Shares of Coursera (NYSE:COUR) fell 7.1% today after the company announced an all-stock merger with competitor Udemy, valued at approximately $2.5 billion. The market reacted negatively due to potential shareholder dilution from the all-stock nature of the deal and a recent price target cut by UBS. This comes despite projections of $115 million in annual cost savings and a previous stock gain fueled by positive CPI data.