SEEK invests in FutureLearn and Coursera

Company News

by Rachael Jones

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. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.