The Toronto-based digital-learning firm will own 30 per cent of the new company, SkillsWave , and will sell a majority stake to a company owned by D2L CEO and founder John Baker. (The Logic)

Talking point: A special committee of D2L’s board decided on the move because its upskilling platform “is at an earlier stage of development than our core business, and has a different business model and investment requirements,” D2L president Stephen Laster said in a release. D2L will focus its efforts on the higher education and corporate learning markets. The company went public in the fall of 2021, but like most other tech firms from the IPO class of that year, their shares quickly fell well below their debut price. In recent months, D2L’s shares have been on an upward trajectory, trading between $9 and $12 each—still below their $17 offering price. It also reported its fourth-quarter and 2024 financial year results Thursday, posting a roughly US$3.5 million annual loss—an improvement from 2023’s nearly US$18.4-million loss. The company’s shares were down slightly in intra-day trading.