Edsurge
SEPTEMBER 4, 2019
Chegg , a Santa Clara, Calif.-based The acquisition will cost Chegg about $80 million in cash for Thinkful, with possible additional payments of up to $20 million in cash or stock based on performance, according to a statement Wednesday. Chegg had been holding onto $1.1 Both companies’ boards of directors have approved the deal.
Edsurge
MAY 16, 2018
Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. The acquisition by Chegg is the kind of outcome that entrepreneurs and investors have long hoped to see in the edtech world. Prior to buying WriteLab, in October 2017 Chegg paid €12.5
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Edsurge
JULY 24, 2017
edtech companies last year, the dollars returned with a fury during the first six months of 2017. This means that halfway through 2017, the funding for U.S. The 2017 number is inflated, however, by three gargantuan fundraises by EverFi ($190 million), Hero K12 ($150 million) and Grammarly ($110 million). Mean round size.
Edsurge
APRIL 1, 2022
It’s hard to remember now, but many industry colleagues felt edtech was a frothy market in 2017. Chegg (NYSE: CHGG) is down 43.8 We wouldn’t be surprised if 2U or Chegg were taken private in the next year, since both companies have strong fundamentals and exceptional human capital. Skillsoft (NYSE: SKIL) is down 50.8
Edsurge
FEBRUARY 26, 2018
In Pearson’s 2017 full-year results report , the publisher stated that “we have concluded the strategic review of our US K12 courseware business and have classified the business as held for sale.” In July 2017, it sold a 22 percent stake in Penguin Random House for about $1 billion. (It billion) in 2017. “It and the U.K.”
Edsurge
JUNE 30, 2020
Over the years, Byju’s has acquired several assets to shore up its offerings, including Edurite and TutorVista, from Pearson in 2017. Chegg, which offers online homework help and other support services for students, has seen its stock soar since the pandemic. Last year, it paid $120 million to purchase Osmo , a Palo Alto, Calif.-based
Edsurge
DECEMBER 28, 2018
Cheating on Chegg? It’s no surprise that students would ask for help on platforms like Chegg, which offer digital textbooks as well as tutoring and homework help. But after cutting assets ranging from the company’s stake in The Economist to PowerSchool, a student information system, Pearson finally reported a profit again in 2017.
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