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New Deal


Announced

2U to acquire edX from Harvard and MIT for $800m.

Financials

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Transaction Value£575m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales9x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

Education Services

Domestic

United States

online courses

Friendly

Acquisition

Majority

Single Bidder

Synopsis

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2U, an education technology company, agreed to acquire edX, an American massive open online course provider, from Harvard and MIT for $800m. "We are excited about the significant opportunities this transaction provides to create value for shareholders and all of our stakeholders by further solidifying 2U's position as the leading digital transformation partner to great nonprofit universities and extending our reach and ability to deliver high-quality online education offerings that meet the growing global demand from learners and corporations," Paul Lalljie, 2U CFO.

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