Skillsoft To Acquire Codecademy For $525 Million

theodp writes: Online coding lesson purveyor Codecademy, the 2011 YCombinator graduate which arguably kicked off the "Everyone Should Learn to Code" movement with a New Year's 2012 endorsement from then NYC Mayor Michael Bloomberg that went viral, has entered into an agreement to be acquired by Skillsoft for approximately $525 million in cash and stock (SEC 8-K filing). "Like Codecademy," explained Codecademy CEO Zach Sims, "Skillsoft believes in a world where every person and every team has the opportunity to realize their full potential through learning, and together we will continue building that world." According to Crunchbase, Codecademy had raised a total of $87.5 million in funding.Read more of this story at Slashdot.
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