The Technology team advised edX on its definitive agreement for 2U, Inc. (Nasdaq: TWOU) to acquire substantially all of edX's assets for $800 million in cash. The industry-redefining combination that will help power the digital transformation of higher education, expand access and affordability, and usher in a new era of online learning.
edX is a leading online learning platform and education marketplace.
2U is a global leader in education technology.
Together, 2U and edX will reach over 50 million learners globally, serve more than 230 partners, and offer over 3,500 digital programs on a comprehensive free-to-degree online education marketplace.
Proceeds of the transaction will flow to the nonprofit that will continue under the leadership of edX founders Harvard and MIT and will be dedicated to reimagining the future of learning for people at all stages of life, addressing educational inequalities, and continuing to advance next generation learning experiences and platforms.
The Goodwin team was led by David Cappillo and Matt Reardon, and included Ken Gordon, Will Wang, Kimberly Snyder, Tracey Parker, and Khalid Elwanni (Corporate); Stephen Charkoudian, Steven Argentieri and Alex Moser (Intellectual Property); Paul Jin (Antitrust); Janet Andolina, Sonita Bennitt, and Matthew Dunay (Tax); Jennifer Fay and Caroline Galiatsos (Employment); Natascha George and Brittany McCants (ERISA & Executive Compensation); Ai Tajima (Risk Management & Insurance); Caroline Bullerjahn (Litigation); Milena Tantcheva and Zhe Yang (Debt Finance); Edward Amer (Private Equity); Jennifer Maimone-Medwick (Tax-Exempt Organizations); Jacob Osborn and Amy Josselyn (Global Trade); and Nathan Brodeur (Real Estate), with invaluable assistance from Dillon Kelley and Kimberly Martin
For more details, read the press release.