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2U to Acquire edX, Pledges to Continue the edX Mission -- Campus Technology

06/29/21 Online education company 2U has announced it will acquire edX, the online learning platform founded by Harvard and MIT, for $800 million. Together, the organizations will boast a reach of more than 50 million learners around the globe, 230-plus partners and more than 3,500 digital programs. A key part of the deal is 2U s commitment to advancing edX s mission to expand access and affordability to high-quality education for all learners, according to a news announcement. 2U plans to operate edX as a public benefit entity, a designation for for-profit organizations that focus on achieving particular public-benefit goals and balancing those priorities with serving shareholder interests. This will allow edX s long-standing commitment to the public good to be embedded in its new charter, an MIT frequently asked questions document explained. In this new incarnation, edX will operate under a set of guidelines that will preserve its mission.

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