Update (April 2026): On April 9, shareholders of both companies voted overwhelmingly to approve the merger — 99.4%% at Coursera, 99.9%% at Udemy. The deal is expected to close in the second half of 2026. I also dug into the 300-page merger prospectus and found that Coursera approached Udemy three times over two years before getting a yes, and that Pluralsight’s owner made a competing cash offer. Read the full merger history. TL;DR Coursera is acquiring Udemy in an all-stock deal worth ~$1.8 b

The pandemic ushered in a “new normal” in online learning, but it culminated in layoffs and stock drops.

As growth falters, Coursera slashes revenue forecasts, ousts its Chief Revenue Officer and Chief Operating Officer, and suffers a record-low stock price.

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