Now With a ‘Sizable Cash Hoard’ of $1 Billion, What Might Chegg Buy?

Edsurge

Chegg , a publicly-traded provider of textbook rentals and online student services, has closed a $700 million convertible note offering that, after taking expenses into consideration, should give the company an additional $682.7 A portion of this sum will be used by the company for stock repurchases. A Chegg spokesman declined to comment or share additional details. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes.

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Blackboard Co-Founder: ‘4 Secrets to Building a Tech Company for Higher Ed’

Edsurge

To mark the 20th anniversary of Blackboard, one of the first LMSes, the company’s co-founder, Matthew Pittinsky, wrote an epic blog post about the company’s history, which includes his advice for today’s edtech leaders. As origin stories go, the founding of Blackboard twenty years ago lacked that single light bulb moment that tech companies like to tell. The winner of the LMS market would be the company with the most widely adopted platform.

Students, celebrities connect for tutoring

eSchool News

Students will have the chance to connect directly with celebrities in one-on-one tutoring sessions through Chegg Tutors: VIP Edition. All tutoring sessions will take place this fall through Chegg’s online tutoring platform, Chegg Tutors.

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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

From 2011 to 2014, U.S. higher education courseware in 2015, down from 50 percent the year before, according to a 2018 report from Macquarie, an investment bank and financial services company.

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Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

Edsurge

But at an all-hands meeting at the company’s Washington, D.C. Some employees hoped the company could turn around and stayed on without pay. “We Esther Wojcicki, the esteemed journalism teacher at Palo Alto High School, joined in 2016 as the company’s chief learning officer.

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Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

Edsurge

edtech companies last year, the dollars returned with a fury during the first six months of 2017. Company. Several private-equity-backed companies have invested heavily in the “platform” approach. PowerSchool, owned by Vista Equity Partners, has acquired eight companies since June 2015. The strategy has worked for a few older companies: Kaplan, for instance, began in the test-prep business and has since moved into higher education, corporate training (and a.

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

I’m excited for the industry’s future, and I think we can make money investing in publicly-traded edtech companies. Vanguard index fund which tracks the biggest companies on the NYSE and NASDAQ exchanges. Investment firms certainly track the technology sector, and some track the education sector , but there is no established benchmark for edtech companies. Chegg. Back in 2012, there were seven companies that fell into this category.

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Hack Education Weekly News

Hack Education

” Via Education Week : “Fact Check: DeVos Doesn’t Control Who Gets a ‘ Free Lunch ’ ” Via Inside Higher Ed : “The Education Department needs to better monitor colleges’ finances to prevent another costly fiasco like the 2014 collapse of Corinthian Colleges , says the agency’s Office of Inspector General.” ” Reminder: here are the education companies Palantir founder Peter Thiel has invested in. Education Politics.

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