Benzinga | Jun 29, 2021 07:05AM EDT

2U, Inc. Announces Acquisition Of edX Assets For $800M

2U, Inc. (NASDAQ:TWOU), a global leader in education technology, today announced that it has entered into a definitive agreement to acquire substantially all of edX's assets, including the edX brand, website, and marketplace, for $800 million in cash consideration. A joint release from 2U and edX with details of the transaction's benefits to students, universities, and the future of higher education can be found at: transformingdigitaleducation.com/press-release.