Coursera and Udemy have reached an agreement to merge in an all-stock transaction, with the combined company’s implied equity value estimated at approximately $2.5bn. The agreement, unanimously approved by both companies’ boards of directors, stipulates that Udemy shareholders will receive 0.8 shares of Coursera common stock for each Udemy share held. Upon completion of the merger, Coursera shareholders are expected to own about 59% and Udemy shareholders approximately 41% of the new entity on a fully d ...