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.
