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2U, Once a Giant in Online Education, Files for Chapter 11 Bankruptcy
Online education company 2U filed for Chapter 11 bankruptcy protection and is being taken private in a deal that will wipe out more than half of its $945 million debt [non-paywalled link]. From a report: 2U was a pioneer in the online education space, joining with schools including the University of...
Online education company 2U filed for Chapter 11 bankruptcy protection and is being taken private in a deal that will wipe out more than half of its $945 million debt[ non-paywalled link]. In 2021, 2U bought edX, an online platform for classes that was founded by Harvard University and the Massachusetts Institute of Technology. The debt from that $800 million deal for edX proved debilitating to 2U, WSJ reports.
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