2U, a publicly-traded online program manager, announced last week the acquisition of Harvard and MIT-founded edX, the non-profit online course provider, for $800 million cash. The transaction, which is expected to close this fall, includes substantially all of edX's assets, including the edX brand, website, and marketplace. 2U says it intends to operate edX as a public benefit corporation. In other words, edX will become a for-profit subsidiary of the NASDAQ listed edtech giant.
From its...