**Summary of CCI Approval: Coursera Inc. and Udemy Inc. Merger**
**Overview**
On March 25, 2026, the Competition Commission of India (CCI) announced the approval of a merger involving Coursera Inc. and Udemy Inc. The transaction facilitates Coursera’s acquisition of sole control over Udemy through a specific merger mechanism.
**Transaction Structure**
The "Proposed Combination" involves the following steps:
* **Mechanism:** Chess Merger Sub, a Delaware-incorporated subsidiary newly formed by Coursera Inc. specifically for this purpose, will merge with and into Udemy Inc.
* **Resulting Entity:** Udemy Inc. will be the surviving entity and will operate as a wholly owned subsidiary of Coursera Inc.
* **Ownership Split:** Upon the closing of the deal, existing Coursera stockholders are projected to own approximately 59% of the combined company, while existing Udemy stockholders will hold approximately 41% on a fully diluted basis.
**Participating Entities**
* **Coursera Inc.:** A Delaware-incorporated, publicly listed global education technology company. It operates a leading online learning platform and serves the Indian market via cross-border digital delivery and its subsidiary, Coursera India Private Limited.
* **Udemy Inc.:** A Delaware-incorporated company operating a global online learning and teaching marketplace. The business is entirely digital and international, functioning without dedicated offline infrastructure.
* **Chess Merger Sub:** A Delaware-incorporated, wholly owned subsidiary of Coursera Inc. created solely to effectuate the merger.
**Release Details**
* **Posted By:** PIB Delhi
* **Date and Time:** 25 March 2026, 8:33 PM
* **Release ID:** 2245400
* **Visitor Counter:** 81
* **Note:** The Commission indicated that a detailed order regarding this approval will follow.
Key Entities Referenced
Competition Commission of India (CCI): The regulatory body that approved the merger involving Coursera Inc.'s subsidiary and Udemy Inc.
Coursera Inc.: A global education technology company acquiring sole control over Udemy Inc. as the parent company in the proposed combination.
Udemy Inc.: A global online learning and teaching marketplace that will become a wholly owned subsidiary of Coursera Inc. post-merger.
Chess Merger Sub: A wholly owned subsidiary of Coursera Inc. formed specifically to merge with and into Udemy Inc. to effectuate the acquisition.
Competition Commission of India
CCI approves merger of Chess Merger Sub,
wholly owned subsidiary of Coursera Inc., with
and into Udemy Inc.
Posted On: 25 MAR 2026 8:33PM by PIB Delhi
Competition Commission of India (CCI) has approved the merger of Chess Merger Sub, a wholly owned
subsidiary of Coursera Inc., with and into Udemy Inc.
The proposed combination involves the merger of Udemy Inc. (Udemy) with Chess Merger Sub (Chess
merger), a newly incorporated, wholly owned subsidiary of Coursera Inc. (Coursera). Upon
consummation of the merger, Chess Merger Sub will merge with and into Udemy, with Udemy surviving as
a wholly owned subsidiary of Coursera, resulting in Coursera acquiring sole control over Udemy. Upon
closing, existing Coursera stockholders are expected to own approximately 59% and existing Udemy
stockholders are expected to own approximately 41% of the Combined Company, on a fully diluted basis.
(Proposed Combination)
Coursera is a Delaware-incorporated, publicly-listed global education technology company that operates a
leading online learning platform. Coursera’s operations in India are primarily through cross-border digital
delivery (including its subsidiary Coursera India Private Limited).
Chess Merger Sub is a Delaware-incorporated, wholly-owned subsidiary of Coursera, Inc., formed solely to
effectuate the Proposed Combination.
Udemy is a Delaware-incorporated company that operates a global online learning and teaching
marketplace. Udemy delivers its services digitally and does not rely on any specific offline infrastructure.
Its business is entirely online and international in scope.
Detailed order of the Commission will follow.
*****
NB/ONP
(Release ID: 2245400) Visitor Counter : 81
Read this release in: Urdu