Employment company SEEK
(ASX:SEK) has invested in two high growth global online education businesses FutureLearn and Coursera.
These companies are market leaders that partner with world class higher education institutions and global businesses and have a combined 49 million learners.
SEEK acquired 50 per cent of FutureLearn for a purchase price of $92 million and acquired a minority interest in Coursera for a purchase price of $50 million.
SEEK expects to recognise $2 million of NPAT losses in Financial Year 2019 as a result of these transactions.
Shares in SEEK
(ASX:SEK) are trading 0.56 per cent higher at $18.73.
