Dec. 17 at 5:51 PM
$COUR $8.17 bid. DAC (2)
$6,815 last
$6.04 (10.25.24).
CHANGE EXIT TO
$19.00 from
$13.00 on ...
Coursera, Udemy surge as investors cheer merger’s revenue synergies, margin upside, and AI-powered learning focus (8.38 +0.43)
Coursera's (COUR) all-stock merger with Udemy (UDMY) is being well received, with UDMY shares surging more than 25% while COUR trades about 6% higher as investors price in strategic and financial upside.
Under the terms, UDMY holders will receive 0.80 COUR shares for each UDMY share, an exchange ratio that implies roughly a 26% premium to UDMY's 30-day volume-weighted moving average and helps explain the sharp move in UDMY's stock.
Strategically, the combined platform should be better positioned to capture rising corporate demand for workforce training by offering a broader catalog of AI and data science content, tighter alignment with enterprise learning budgets, and more scalable, analytics-driven upskilling programs that can be rolled out across global employee bases.
The deal also strengthens COUR's position in the enterprise and degree markets by adding UDMY's strong corporate customer base and instructor network, which should improve cross-sell opportunities and reduce customer acquisition costs over time.
Financially, the merger creates revenue synergies from bundling and a more complete skills offering, alongside cost synergies from rationalizing overlapping functions, content spend and go-to-market infrastructure.
The companies are expecting the combined entity to generate pro forma annual revenue of more than
$1.5 bln and achieve run-rate cost synergies of
$115 mln within 24 months.
