{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-323401","form_type":"8-K","ticker":"UDMY","cik":"0001607939","company_name":"Udemy, Inc.","filed_at":"2025-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.908637+00:00","generated_at":"2026-05-16T12:44:46.019443+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Udemy to be acquired by Coursera in all-stock deal: 0.800 Coursera shares per Udemy share","bullets":["Each Udemy share converts into 0.800 Coursera shares; no fractional shares, cash in lieu.","Udemy board unanimously approved; recommends stockholders vote for adoption.","Insight Venture Partners (~26% of Udemy) and NEA/Andrew Ng (~12% of Coursera) entered voting agreements to support deal.","Termination fee of $40.5M payable by Udemy to Coursera in certain circumstances, e.g., change of recommendation.","Closing requires Udemy stockholder adoption, Coursera stockholder approvals, HSR clearance; target close by Dec 17, 2026 with possible extension."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-323401","json":"https://secwatch.observer/filing/0001193125-25-323401.json","markdown":"https://secwatch.observer/filing/0001193125-25-323401.md","text":"https://secwatch.observer/filing/0001193125-25-323401.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1607939/000119312525323401/0001193125-25-323401-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1607939/000119312525323401/d667577d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:44:46.019443+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9ff4179e93a2c0b667f131f0de96411975901224","claim":"Udemy, Inc. entered into Merger Agreement with Coursera, Inc. and Chess Merger Sub, Inc. (effective 2025-12-17).","evidence_excerpt":"Udemy, Inc. (the “ Company ” or “ Udemy ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Coursera, Inc. (“ Coursera ”) and Chess Merger Sub, Inc.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1607939/000119312525323401/0001193125-25-323401-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Coursera, Inc. and Chess Merger Sub, Inc."},{"label":"Effective","value":"2025-12-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}