Coursera announced an all‑stock acquisition of Udemy to create a $2.5 billion online learning and workforce training platform, positioning the combined company to scale AI‑driven content and enterprise offerings. Coursera CEO Greg Hart framed the deal as a response to surging demand for AI skills training; executives expect $1.5 billion in combined annual revenue and $115 million in cost synergies over two years. The merger pairs Coursera’s university and enterprise partnerships with Udemy’s broad catalog and consumer reach. Both companies emphasize investment in AI‑enabled personalization—Coursera with its Coursera Coach and Udemy with corporate upskilling products—and said the combined platform will accelerate content development and corporate sales. Industry observers flagged regulatory and competitive questions, including market concentration in online credentials and the platforms’ roles as intermediaries between higher education providers, employers, and learners.