Skillsoft acquires Codeacademy
In December 2021, Codeacademy, a coding class platform, was acquired by Skillsoft. The transaction valued Codeacademy at $525.0 million and will be funded 40.0% with cash and 60.0% with equity. The transaction, which has been approved by both companies’ boards of directors is expected to close in the first half of 2022, pending regulatory approvals. Codeacademy has interactive courses on 14 programming languages across multiple domains, including data science and cybersecurity
New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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