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 and serve most of the best universities in the United States and the world.
https://www.insidehighered.com/news/2021/06/29/2u-edx-combine-create-online-learning-behemoth
Another piece from Inside Higher Education...
https://www.insidehighered.com/blogs/higher-ed-gamma/could-edx-have-become-financially-sustainable-nonprofit
From Bryan Alexander.
https://bryanalexander.org/education-and-technology/three-big-ed-tech-projects-cashing-out-or-historic-investments/#comment-189532
"Cost efficiencies"=layoffs?
"The acquisition is expected to establish a scalable and sustainable marketing advantage and drive 10%-15% annual marketing cost efficiencies."
https://seekingalpha.com/news/3710850-2u-acquires-edx-assets-for-800m-cash
$800 million price tag, BTW.