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2U was founded in 2008 by John Katzman (who founded The Princeton Review and later, Noodle) originally naming it 2tor (pronounced "Tutor") after his dog Tor. [6] Katzman recruited colleagues including Chip Paucek (former CEO of Hooked on Phonics), and technology entrepreneur Jeremy Johnson to be co-founders. [7]
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Although shares of 2U Inc (NASDAQ: TWOU ) may come under pressure due to near-term cash flow and margin concerns, these factors should drive growth and partner expansions in the long term ...
On June 29, 2021, edX and 2U announced they had entered into a definitive agreement to join. 2U would acquire edX's assets for $800M in cash. [18] [19] On November 16, 2021, 2U completed its acquisition of the edX business and website from the nonprofit organization.
In June 2021 2U announced they would be acquiring edX, "to create an entity that would reach 50 million learners and serve most of the best universities in the United States and the world." [ 41 ] Guild Education , an intermediary in employee education benefits, also grew in value, from $1 billion in 2019 to $3.75 billion in 2021, adding Target ...
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John Katzman (born October 10, 1959) is an American EdTech pioneer. He founded and ran Princeton Review, which assists students with their studies and career choices, and then founded and ran 2U and Noodle Partners, both of which use are tech-enabled service providers to universities.