Orrick Advises Codecademy on $525 Million Acquisition by Skillsoft

December.22.2021

Congratulations to our client Codecademy, an online learning platform for technical skills, which has entered into a definitive agreement to be acquired by Skillsoft (NYSE: SKIL). Under the terms of the agreement, which has been approved by the boards of directors of both companies, Codecademy shareholders will receive a total consideration of approximately $525 million – which consists of 40% cash and 60% equity.

The transaction is expected to close in the first half of 2022, subject to approval by Skillsoft shareholders, the satisfaction of customary closing conditions and regulatory approvals.

The Orrick team advising Codecademy includes Mark Seneca, Samir Bakhru, Leah Recht, John Bautista, Joanna Pak, Montana Ware, Steven Malvey, Jim Tierney, Jennifer Clarke-Smith, Jeanine McGuinness, Maria Sergeyeva, Michael Yang, Katherine Hogan, Lauren Guilford, Emily Tabatabai, Matthew Coleman, Michaela Frai, Lisa Lupion, Daniel Yost, Kristin Cornuelle, Janice Dow and Adam Ross.