secwatch.observer — SEC 8-K summary
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Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001193125-25-321719
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coursera to acquire Udemy in all-stock merger; implied equity value ~$2.5B
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- Udemy stockholders receive 0.800 shares of Coursera per share, a 26% premium to 30-day average closing price.
- Pro forma annual revenue exceeds $1.5B; expected cost synergies of $115M annual run-rate within 24 months of closing.
- Combined company named Coursera, trades as COUR on NYSE; Greg Hart to remain CEO.
- Existing Coursera shareholders own ~59%, Udemy ~41% on fully diluted basis; deal expected to close H2 2026.
- Insight Venture Partners, NEA, and Andrew Ng have entered support agreements to vote in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000119312525321719/0001193125-25-321719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000119312525321719/d41058d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-321719

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer