Conspicuously missing are any specific details about the operation or value other than its brand name and the instantly heavy bureaucracy. It's likely this because they have no specific details yet and the negotiations to date have been about who gets the biggest seats on the board, what compensation packages they can negotiate and who will win the most prestigious titles and positions in behind the scenes political wrangling.
As far as the software that runs it, the old canard of making it open source and having other people build it is just tossed out as if that is a magical solution to design.
Nothing about this smells agile. It smells very industrial and slow. Compare to Udacity and Coursera who each are happily running dozens of classes to hundreds of thousands of students each, responding quickly to feedback, and demonstrating clearly they are up to the modern speed of doing things.