2U Reportedly Mulls Potential Sale After Activist Pressure
January 17, 2020 at 12:32 pm
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2U, Inc. (NasdaqGS:TWOU) has hired advisers for a strategic review after an activist investor pressured the educational software company to explore a sale, according to people familiar with the matter. The company is working with financial advisers to explore ways to improve its performance, including a sale, said the people, who asked not to be identified because the matter is private. A final decision hasn’t been made and 2U could opt to remain independent, they said. A representative for 2U declined to comment. If 2U finds a buyer, the deal would follow the take-private of another company in the sector.
2U, Inc. is an online education platform company. The Company's segments include Degree Program Segment and Alternative Credential Segment. Degree Program Segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. Students enrolled in these programs are seeking an undergraduate or graduate degree. Alternative Credential Segment provides premium online open courses, executive education offerings, technical, skills-based boot camps to individual consumers through relationships with nonprofit colleges and universities and other organizations. It also offers an enterprise solution that it sells to organizations and institutions to enable upskilling and reskilling of their workforces. Through edX, its education consumer marketplace, the Company offers more than 4,500 online learning opportunities. Its offerings cover a range of topics, including artificial intelligence, business, healthcare, education, and social work.
2U, INC. 
