secwatch.observer — SEC 8-K summary
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Issuer:     Coursera, Inc. (COUR)
CIK:        0001651562
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001140361-25-045770
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coursera to acquire Udemy in all-stock deal; implied equity value ~$2.5B
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- Udemy shareholders receive 0.800 shares of Coursera per share; 26% premium to 30-day average.
- Pro forma annual revenue >$1.5B; expected annual run-rate cost synergies of $115M within 24 months of close.
- Transaction expected to close by H2 2026; subject to regulatory and shareholder approvals.
- Greg Hart to remain CEO of combined company; board to have 6 Coursera and 3 Udemy directors.
- Combined company to operate as Coursera (NYSE: COUR); Udemy to delist; Coursera's PBC status unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651562/000114036125045770/0001140361-25-045770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651562/000114036125045770/ef20061429_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-045770

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