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
NOVEMBER 12, 2019
Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues. The Ingram deal was framed as part of Chegg’s strategy to 100 percent digital revenue.
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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 Chegg spokesman declined to comment or share additional details. million in cash. million in equity ).
Edsurge
AUGUST 21, 2019
Chegg The numbers: For the second quarter, ended June 30, Chegg reported an adjusted EBITDA of $31.1 Later this year, Chegg will start testing a bundled product that includes its Study, Math Solver and EasyBib Plus products for a substantial subscription discount, fully deploying the bundle in 2020. Chegg now has about $1.1
Edsurge
DECEMBER 28, 2018
While not quite the “Year of the MOOC,” 2018 saw a resurgence in interest around the ways these massive open online courses are delivering free (and more often these days, not free) online education around the world, and how these providers are increasingly turning to traditional institutions of learning. Cheating on Chegg?
Edsurge
MARCH 14, 2019
Other investors include education technology executives, like Penn Foster CEO Frank Britt and Chegg CEO Dan Rosensweig, along with Zynga founder Mark Pincus and Flatiron Health CEO, Nat Turner. Data from the Bureau of Labor Statistics shows these opportunities are on the rise, with 284,000 manufacturing jobs added in 2018.
Edsurge
APRIL 1, 2018
Chegg appears to have borrowed a page from Duolingo’s previous shenanigan for the Osmosis Pillow , which takes “memory foam” to another level. Duolingo got a head start with Brewolingo , “craft beers from America's Owliest Brewery to help you get fluent in any language” and which contain “a special blend of Owlcohol and Owlgorithms.”
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