Job-search site Seek has splashed out $142 million in stakes in two online education providers as part of its quest to invest in fast-growing ventures in lieu of returning dollars to shareholders.
It paid $92 million for a 50 per cent stake in FutureLearn, an online education platform, and $50 million for a minority interest in Coursera, the world's largest online learning platform for higher education, the company said in a statement to the Australian Securities Exchange on Monday.
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Will Willitts was a desk editor at The Australian Financial Review.
