Florida Career College to Close Doug Lederman Fri, 01/26/2024 - 03:00 AM Byline(s) Doug Lederman from Inside Higher Ed https://ift.tt/avZRfLi
Blog: Learning Innovation Higher ed is trying to wrap its collective head around the announcement of 2U's $800 million acquisition of edX. There is much to chew on regarding what this deal means for current edX and 2U partners, global learners, and the broader postsecondary ecosystem. In our first (and admittedly raw) take on this deal, we want to focus on two questions: Why is 2U spending $800 million to buy edX? And why is edX selling? There are, of course, many answers to these questions. Moves like this are complicated. But if we were going to list the number one reason as to why this deal is happening, it would be “Coursera.” Coursera's March 31st initial public offering (IPO) created a public company that is now valued at almost $6 billion. A well-capitalized online platform company like Coursera represents a potential existential threat to the traditional OPM (online program management) model, at least in the medium-to-long term. This is, in part, beca...