2U, edX to combine to create online learning giant

From Inside Higher Ed: “2U and edX, two major players in the online learning ecosystem, announced Tuesday that they would combine to create an entity that would reach 50 million learners … 2U, the publicly traded company that is by far the largest of the online program management providers, said it would pay $800 million to buy the assets of edX, the nonprofit online course provider that Harvard University and the Massachusetts Institute of Technology teamed up to create nearly a decade ago. The assets of the transaction will flow to a new nonprofit organization managed by Harvard and MIT that will focus on ‘inclusive learning and education,’… The new entity will operate as a public benefit entity.”

View the full article from Inside Higher Ed.

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