UDEMY INC

Udemy completed its merger with Coursera and will become a wholly owned subsidiary of Coursera. Each Udemy common share was converted into the right to 0.800 Coursera shares; fractional shares will be settled in cash. Udemy suspended trading on the Nasdaq, filed a Form 25 for delisting and plans to suspend reporting obligations via Form 15. At closing, Udemy had more cash than debt, a gross profit margin of 66%, was profitable over the last twelve months and had a market capitalization of $675 million; all outstanding equity awards were converted into Coursera equivalents and the Udemy board resigned in favor of a nine-member Coursera governance structure. » Więcej na de.investing.com

Udemy has added customizable scenarios, AI avatars and video capabilities to its AI-powered role-play tool so companies can create training for specific roles, industries and skill levels. The tool covers leadership, communication and sales interactions and has recorded more than 400,000 interactive simulations since launch. Udemy has a market capitalization of about $700 million, its stock fell 26% last year, the company has more cash than debt and a gross profit margin of 66%. » Więcej na de.investing.com

Udemy shareholders voted at a special general meeting to approve the planned merger with Coursera, under which Chess Merger Sub will be merged into Udemy and Udemy will become a 100% subsidiary of Coursera. The approval passed by a large majority (114,961,096 votes for the merger agreement); closing remains subject to remaining closing conditions. Udemy shares trade near their 52-week low, and the company most recently reported slightly better-than-expected Q4 results. Udemy also announced the "Learn AI with Google" program, the AI solution Altus, and a partnership with Glean, while Canaccord Genuity cut its price target to $5. » Więcej na de.investing.com