Online learning platform edX, launched in 2012 by MIT and Harvard University, is set to be acquired by 2U, a publicly-traded higher education technology company, for $800 million. The proceedings will go to a non profit organisation (led by Harvard and MIT) that will oversee and improve the Open edX platform, as well as look for new ways to improve the effectiveness, engagement, and personalisation of online learning. Once the deal comes through, 2U will be able to adopt edX as a subsidiary and take over the current portfolio of edX course offerings, user-based and partner arrangements. However, as per the deal, the open edX open-source software platform would not be transferred to 2U.
https://analyticsindiamag.com/why-mit-harvard-let-go-of-its-edx-platform/
