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Get filing alertsSkillsoft receives final Saudi approval for Global Knowledge sale, expects Q2 close
Filed June 18, 2026 · Period ending June 18, 2026 · ~1 min read
Key Changes
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Saudi competition authority cleared the Global Knowledge divestiture on June 18, completing all required regulatory approvals for the transaction.
Item 7.01 verify on EDGAR → -
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Sale expected to close in Q2 FY2027 (quarter ending July 31, 2026), subject to customary closing conditions.
Item 7.01 verify on EDGAR →
Summary
Skillsoft cleared the final regulatory hurdle for its Global Knowledge business sale on June 18, 2026, when the General Authority for Competition of Saudi Arabia approved the transaction with EHJob GP LLC. All required regulatory clearances are now complete. The company expects to close the divestiture in its second fiscal quarter ending July 31, 2026, pending satisfaction of customary closing conditions.
For shareholders, this marks meaningful progress toward completing a strategic asset sale that will reshape Skillsoft's business portfolio and likely provide capital for debt reduction or reinvestment. The timing suggests the transaction should finalize within an undisclosed amount six weeks, barring unexpected issues with remaining administrative conditions.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Skillsoft received final Saudi regulatory approval for the sale of its Global Knowledge business, expected to close in Q2 FY2027.
Added in current filing · verify on EDGAR →
On June 18, 2026, Skillsoft Corp., a Delaware corporation (“Skillsoft”) was informed that EHJob GP LLC has received approval from the General Authority for Competition of Saudi Arabia clearing the previously announced pending sale of Skillsoft’s Global Knowledge business (the “Transaction”). As a result, all required regulatory approvals and clearances for the pending Transaction have been obtained.
Skillsoft received the final regulatory approval needed for the sale of its Global Knowledge business to EHJob GP LLC. The General Authority for Competition of Saudi Arabia cleared the transaction on June 18, 2026, completing all required regulatory approvals. This removes a key closing condition for the previously announced divestiture.
Added in current filing · verify on EDGAR →
Completion of the Transaction remains subject to the satisfaction or waiver of customary closing conditions. The Company currently expects the Transaction to close in the second fiscal quarter.
While all regulatory approvals are now obtained, the transaction still requires satisfaction or waiver of customary closing conditions. Skillsoft expects the sale to close an undisclosed amount in its second fiscal quarter (which would be the quarter ending July 31, 2026, based on its January 31 fiscal year-end).
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 19, 2026 · How we verify