Coursera (NYSE:COUR) said it has agreed to combine with rival online learning platform Udemy (NASDAQ:COUR) in an all-stock transaction valued at about $2.5 billion.
Shares of Udemy surged 21.7% to about $6.50 on the news, while Coursera stock added 3.6% at about $8.
Oracle Corp (NYSE:ORCL, XETRA:ORC) shares fell almost 6% on Wednesday morning after the Financial Times reported that its plans for a $10 billion data center in Michigan have been thrown into uncertainty after Blue Owl Capital, its largest data center investment partner, decided not to back the project.
The proposed facility, a 1-gigawatt data center in Saline Township, Michigan, was intended to support OpenAI and Oracle’s broader push to expand artificial intelligence infrastructure.