Deals
Education Company 2U to Buy Coding Boot Camp Firm Trilogy for $750 Million
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2U Inc., an online education company used by New York University and Harvard University, agreed to buy university-affiliated "boot camp" operator Trilogy Education Services Inc. for about $750 million.
2U will pay $400 million in cash and issue $350 million in stock to buy New York-based Trilogy, the companies said in a statement on Monday, confirming an earlier Bloomberg report. 2U has secured a $250 million loan and will finance the rest with cash on hand, the companies said.