Summary
- 2U has agreed to acquire Trilogy Education for $750 million in cash and stock.
- Trilogy has developed extensive technical education programs with numerous university partners.
- TWOU gains a number of strategic benefits as management is making a big bet on corporate demand for 'boot camp'-trained workforce IT skills.
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Quick Take
2U (TWOU) announced it has agreed to acquire Trilogy Education for $750 million in cash and stock.
Trilogy Education operates as an IT training company.
With the deal, TWOU is betting on increased enterprise demand for a more technical workforce and Trilogy's more time-efficient 'boot camp' approach.
