Udemy to Merge with Coursera in All-Stock Deal

Udemy Inc ( (UDMY) ) just unveiled an update.

On December 17, 2025, Udemy entered into a definitive all-stock merger agreement with rival online education provider Coursera under which Chess Merger Sub, a Coursera subsidiary, will merge with Udemy, leaving Udemy as a wholly owned Coursera subsidiary. Udemy shareholders will receive 0.800 Coursera shares for each Udemy share, with no fractional shares issued, and Udemy’s board unanimously approved the deal and recommended that shareholders vote in favor. Outstanding Udemy restricted stock units, performance stock units, options and stock appreciation rights will be converted into Coursera equity awards based on the agreed exchange ratio, preserving existing vesting and other terms, which helps align incentives and provides continuity for employees and management. Post-closing, Coursera’s board will expand to nine members, including three directors from Udemy, while Coursera’s current chair and CEO will remain in place, signaling Coursera’s continued strategic control of the combined company. The transaction is subject to customary closing conditions, including approvals from Udemy and Coursera shareholders, NYSE listing of the new Coursera shares, U.S. antitrust clearance and other regulatory approvals, as well as effectiveness of a registration statement and a tax opinion that the merger qualifies as a reorganization. The merger agreement includes reciprocal termination rights, a termination outside date that can extend as far as June 17, 2027 if regulatory approvals are delayed, and a $40.5 million breakup fee plus an $8 million expense reimbursement mechanism in specified circumstances, underscoring the strategic importance and negotiated protections for both sides. Supporting the deal’s chances of completion, significant shareholders in each company—holding about 12% of Coursera and 26% of Udemy—have entered into voting agreements committing their shares in favor of the transaction and limiting transfers and alternative deal discussions until the requisite approvals are obtained or the merger agreement is terminated.

The most recent analyst rating on (UDMY) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Udemy Inc stock, see the UDMY Stock Forecast page.

Spark’s Take on UDMY Stock

According to Spark, TipRanks’ AI Analyst, UDMY is a Neutral.

Udemy’s overall stock score reflects a mix of strengths and challenges. The most significant factor is the company’s strong growth in subscription revenue and strategic partnerships, which are driving long-term potential. However, ongoing profitability issues and bearish technical indicators weigh on the score. The share buyback program is a positive corporate event, enhancing shareholder value.

To see Spark’s full report on UDMY stock, click here.

More about Udemy Inc

Udemy, Inc. is an online learning platform that offers a broad catalog of courses and enterprise training solutions, competing in the global digital education and corporate upskilling market alongside players such as Coursera. Its business centers on serving individual learners, instructors, and organizations seeking flexible, technology-enabled education and professional development at scale.

Average Trading Volume: 2,436,652

Technical Sentiment Signal: Sell

Current Market Cap: $786M

Find detailed analytics on UDMY stock on TipRanks’ Stock Analysis page.