Edsurge
MARCH 27, 2019
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. million in cash.
Edsurge
NOVEMBER 12, 2019
A switch in distributors for Chegg’s legacy textbook sales and rentals business reflects, in a way, how the more things change, the more they stay the same. Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. at market close Nov. 5 to $34.81
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Edsurge
APRIL 26, 2019
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. The company has invested in a partner rental program that should reach 400 titles in the second half of this year. billion to $3.3
Edsurge
JULY 24, 2017
edtech companies last year, the dollars returned with a fury during the first six months of 2017. 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 bull is back—or is it? Round Size.
Edsurge
JULY 30, 2018
Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. It brought over the companies from the Seed Fund into its portfolio as well, and re-invested in 14 of them.) In total, this first fund supported 35 investments. Yet not all investments pan out.
Edsurge
AUGUST 23, 2016
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. Back in 2012, there were seven companies that fell into this category. Including for-profit education companies like.
Edsurge
MAY 2, 2017
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. In recent memory, we launched Blackboard in 1997 and took the company public seven years later in 2004.
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