Skillsoft completes sale of Global Knowledge training business to Enduring Ventures affiliate

Skillsoft completed the sale of its former Global Knowledge instructor-led training business on July 6, 2026, to an Enduring Ventures affiliate.

Initial consideration totaled about $5.4 million at closing and was paid via a secured promissory note backed by cash and accounts receivable.

Deferred consideration totals $10 million, minus about $2 million tied to long-term employee liabilities, and is payable in five equal quarterly installments starting nine months after closing.

The buyer’s deferred-payment obligation is guaranteed by the business and secured by the transferred companies’ intellectual property rights.