Harvard, MIT To Sell Online Learning Platform edX to Tech Startup

Harvard University and MIT will sell edX — a virtual learning initiative launched jointly by the two schools in 2012 to expand education access — to the Maryland-based tech startup 2U, Inc., the schools announced Tuesday morning.

Subject to regulatory and governmental approval, the schools will receive $800 million in cash for the acquisition, which they announced would go towards a non-profit aimed at advancing inclusion in education and closing learning gaps.