Harvard and MIT mint $800 million via edX

Harvard and MIT mint $800 million via edX

The future of education is online; that statement is supported by data. Today, we are reading that edtech company 2U is purchasing online course provider edX for $800 million.Yes, that edX which was founded by MIT and Harvard University. Simply, they have exited, creating $800 million in less than a decade!

American universities are so amazing on how to unlock value: ‘It’s a big day in the education technology space. Edtech company 2U is purchasing online course provider edX for $800 million, following a year where digital instruction was a global necessity amid the pandemic. The deal, per The Wall Street Journal, “combines two major players” in online education — edX is a nonprofit run by Harvard University and the Massachusetts Institute of Technology aimed at bringing elite education to the masses. 2U’s CEO says the deal signifies the beginning of the “digital transformation of education.” ‘

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.

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.

In exchange, 2U will transfer $800 million to a nonprofit organization, also led by MIT and Harvard, to explore the next generation of online education. Backed by these substantial resources, the nonprofit will focus on overcoming persistent inequities in online learning, in part through exploring how to apply artificial intelligence to enable personalized learning that responds and adapts to the style and needs of the individual learner.

Triple that $800 million number, and you have the annual total education budget of Nigeria. Depending on how you see it, Harvard and MIT have won big on online education! In 3 months, they will start another one because no company can stop them!

Tekedia Mini-MBA (Sep 12 – Dec 3 2022) has started; registration continuesRegister here. Cost is N60,000 or $140 for the 12-week program. Beat early bird for free books and other bonuses. 

In our small window here, I also want to thank many Nigerian universities which have reached out. The most amazing thing is this: Tekedia Institute’s Advanced Diploma program was conceived – he gave us the name – by a professor in Nigeria who could not get his school to run it, and he found liberation through us.

Today, we expect thousands of Nigerian university students to pass through Tekedia CollegeBoost (marketing brand). Teachers, professors, lecturers, etc, if they do not give you freedom, we are here to provide a platform!


#1. Advance your career, run your business better with Tekedia Mini-MBA (Sep 12 – Dec 3, 2022): cost is N60,000 naira ($140). Click and register here.

#2. Click here and register for Tekedia Startup Masterclass and master business secrets from start-up to unicorn. Cost is N180,000 naira ($400).

#3. Click here to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with small investment.

Share this post

Post Comment