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New Deal


Announced

SEEK Group invested £50m in The Open University's FutureLearn.

Financials

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Transaction Value£50m
Consideration Type-
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

social learning platform

Education Services

Acquisition

Private

Synopsis

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SEEK Group, an online employment marketplace services provider, invested £50m to become a joint, 50% owner of The Open University’s FutureLearn social learning platform. The Open University launched FutureLearn, which is based in London, in December 2012 with a dozen UK university partners to test opportunities offered by digital learning and massive open online courses. Welcoming the announcement, The Open University’s Vice Chancellor Mary Kellett said: “Our new partnership is a fantastic opportunity to change more lives around the globe through flexible lifelong learning. The Open University is rightly known for pioneering new approaches to education and for our academic excellence. Today’s announcement shows this is as true today as when we started fifty years ago. It represents one of the most exciting educational prospects in modern times.

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