Skillsoft completes sale of Global Knowledge business

• Skillsoft (NYSE:SKIL) completed the divestiture of its Global Knowledge corporate training business to an affiliate of Enduring Ventures.
• The transaction simplifies the corporate asset structure and yields an initial consideration value of approximately $5.4 million.
• Skillsoft intends to allocate all operational resources toward scaling and strengthening its core AI-native skills management platform.

Skillsoft (NYSE:SKIL) announced it completed the sale of its Global Knowledge training business to an affiliate of Enduring Ventures to create a simplified product portfolio.

The divestiture follows a previously disclosed strategic assessment aimed at shifting focus toward the company's core AI-native corporate skills tracking infrastructure.

"This transaction removes a layer of complexity so we can put all our resources behind our platform, strengthening our ability to help organizations manage their skills as quickly as their businesses change," said Skillsoft Chief Executive Officer Ron Hovsepian.

Pursuant to the sale agreement executed on May 20, 2026, the company received an initial consideration of approximately $5.4 million in a seller note.

The seller note remains subject to subsequent adjustments based on finalized estimations of working capital, cash allocations, and outstanding commercial indebtedness.

The company is also entitled to receive a deferred consideration layout of $10 million, minus roughly $2.0 million earmarked for long-term employee liabilities.