Now With a ‘Sizable Cash Hoard’ of $1 Billion, What Might Chegg Buy?
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. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes. Chegg also bought math software developer, Math 42 ($15 million.)