Harvard, MIT Part of $800 Million Deal to Push Access to Online Education - The Wall Street Journal
Harvard, MIT Part of $800 Million Deal to Push Access to Online Education - The Wall Street Journal Harvard, MIT Part of $800 Million Deal to Push Access to Online Education - The Wall Street Journal Posted: 29 Jun 2021 04:00 AM PDT Education-technology company 2U Inc., which runs graduate programs for dozens of top universities, is buying web-based course provider edX, a nonprofit founded by Harvard University and the Massachusetts Institute of Technology, for $800 million. The deal combines two major players in online instruction as universities around the world push more aggressively into digital offerings. Many schools scrambled to shift courses online when the pandemic shut campuses last year, and they are now expected to build on—and polish—the programs. The sale proceeds will go to a nonprofit, to be run by Harvard and MIT, that the schools say will focus on reducing inequalities in access to education. It will maintain the open-acc