Competition Commission clears merger of Udemy with Coursera's arm

The Competition Commission of India has approved the merger of Coursera's subsidiary, Chess Merger Sub, with Udemy Inc. This all-stock transaction, valued at approximately USD 2.5 billion, will see Udemy become a wholly-owned subsidiary of Coursera. Existing Coursera shareholders will hold about 59% of the combined entity, with Udemy stockholders owning 41%.