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Massachusetts Institute of Technology Harvard University, Part of a $ 800 Million Transaction to Promote Access to Online Education

2U Inc, an educational technology company that runs graduate programs at dozens of top universities. Has acquired edX, a non-profit organization founded by Harvard University and the Massachusetts Institute of Technology, for $ 800 million.

The deal combines two major players in online education as universities around the world actively promote digital services. When the campus was closed due to a pandemic last year, many schools scrambled to shift courses online. And now they are expected to build and polish their programs.

The sale will be sent to a non-profit organization run by Harvard University and MIT, stating that the school will focus on reducing inequality in access to education. It maintains the open access course platform built by edX, studies online and hybrid learning models, and works to minimize the digital divide, which remains a barrier for many young students and adults.

“This is an early stage in the digital transformation of education,” said Chip Paucek, CEO of 2U, adding that “online education simply anticipates when it will be normalized as education.”

EdX was founded in 2012 by Harvard University and MIT. Its purpose is to democratize elite education with free classes taught by leading professors, available to students around the world. Over time, we have added a certificate of completion that is available for a fee, as well as a course sequence that, when stacked together, can lead to qualifications and ultimately a degree.It also started Providing corporate training With themes such as entrepreneurship and cybersecurity.

Massachusetts Institute of Technology Harvard University, Part of a $ 800 Million Transaction to Promote Access to Online Education

Source link Massachusetts Institute of Technology Harvard University, Part of a $ 800 Million Transaction to Promote Access to Online Education

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