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MIT and Harvard Agree to Transfer edX to Ed-Tech Firm 2U

Two-part transaction would turn edX into a public benefit company while funding a nonprofit dedicated to strengthening the impact of digital learning

MIT News

MIT

Wed, 07/21/2021 - 12:03
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First published June 29, 2021, on MIT News.

MIT and Harvard University have announced a major transition for edX, the nonprofit organization they launched in 2012 to provide an open online platform for university courses: edX’s assets are to be acquired by the publicly traded education technology company 2U, and reorganized as a public benefit company under the 2U umbrella.  

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The transaction is structured to ensure that edX continues in its founding mission, and features a wide array of protections for edX learners, partners, and faculty who contribute courses.

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