TaxTMI 
TaxTMI 
CCI approves merger of Chess Merger Sub, wholly owned subsidiary of Coursera Inc., with and into Udemy Inc.
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....CI approves merger of Chess Merger Sub, wholly owned subsidiary of Coursera Inc., with and into Udemy Inc.<BR>News and Press Release<BR>Dated:- 26-3-2026<BR><BR>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....
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.... 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 ....
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....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 L....
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....imited). 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 inter....
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....national in scope. Detailed order of the Commission will follow. =============<BR> News - Press release - PIB....