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.
Online learning giants 2U and edX will merge
insidehighered.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidehighered.com Daily Mail and Mail on Sunday newspapers.
After edX sale, Harvard and MIT-led nonprofit to tackle longstanding inequities in education
indianewengland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianewengland.com Daily Mail and Mail on Sunday newspapers.
edX acquired by education technology company 2U
harvard.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harvard.edu Daily Mail and Mail on Sunday newspapers.