Skillsoft sells Global Knowledge ILT business to Enduring Ventures; up to $20M total consideration

Skillsoft Corp.

Initial consideration $10M (funded by cash, seller note, or third-party); deferred consideration up to $8M net, payable in 5 quarterly installments.
Net proceeds expected $5M–$8M over ~2 years, after cash divested and transaction costs; seller note secured by cash/AR.
CEO states deal immediately accretive to growth, earnings, and cash flow; Skillsoft sharpens focus on AI-native skills platform.
Transaction expected to close in Q2 fiscal 2027, subject to Saudi Arabian regulatory approval and customary conditions.
Strategic partnership to continue: Skillsoft retains access to ILT; Global Knowledge retains access to Skillsoft platform.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Skillsoft Corp. entered into Sale and Purchase Agreement with EHJob GP LLC valued at $10,000,000 (effective 2026-05-20).

Action: entry
Agreement: asset purchase
Counterparty: EHJob GP LLC
Value: $10,000,000
Effective: 2026-05-20

Exact text from the filing

On May 20, 2026, Skillsoft Corp., a Delaware corporation (“Skillsoft”), entered into a Sale and Purchase Agreement, (the “SPA”), by and between GK Holdings, Inc, a Delaware corporation and wholly-owned subsidiary of Skillsoft (“Seller”) and EHJob GP LLC, a Delaware limited liability company (“Purchaser”)

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Skillsoft Corp. filing history →

Source: SEC EDGAR

accession 0001437749-26-017991

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