Open university sells 50 per cent of their digital platform for £50m

The Open University has sold a 50% stake in their digital education platform FutureLearn, SEEK Group has acquired 50% for £50m into FutureLearn.

The FutureLearn digital platform provides students with courses designed around social learning.

The Open University’s vice-chancellor, Mary Kellett said, “Our new partnership is a fantastic opportunity to change more lives around the globe through flexible lifelong learning.

“Our partnership with SEEK and the investment in FutureLearn will take our unique mission to make education open for all into new parts of the world.”

SEEK co-founder and chief executive Andrew Bassat said, “Technology is increasing the accessibility of quality education and can help millions of people up-skill and re-skill to adapt to rapidly changing labour markets.

“FutureLearn’s reputation is strong and it has attracted leading education providers on to its platform.”