2U Inc to buy online course provider edX for $800 mln

2U

29/06/2021 12:40

** Educational software firm 2U Inc  TWOU.O  says it will
buy online course provider edX for $800 mln in cash
     ** Deal is expected to close within ~120 days
    ** Proceeds of the transaction will go to a nonprofit led by
Harvard University and Massachusetts Institute of Technology -
2U  urn:newsml:reuters.com:*:nNDL3Sz0F6
    ** TWOU shares up 1.2% at $40.85 in low vols premarket
    ** Stock up ~1% so far this year as of last close

 (Reporting by Akanksha Rana)