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Chegg to Buy Coding Bootcamp Thinkful for $80 Million

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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.

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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 Chegg spokesman declined to comment or share additional details. million in cash. million in equity ).

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Chegg Ditches Ingram for FedEx and Eyes International Growth

Edsurge

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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Edtech Earnings Roundup: How 2U, Chegg, Instructure and Pluralsight Fared in Q2 2019

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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. on the close of Aug.

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Cheating on Chegg? Maybe Not on Its Tutoring Platform

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That’s an example of a request that can be found on online tutoring services like Chegg, as shared by a senior data scientist at the company, Sanghamitra Deb. Yet this is the kind of “help” that Chegg’s tutoring service can sometimes be used for. But Chegg doesn’t take action against the person making the request.

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K-12 Dealmaking: Chegg Acquires Easy Solutions; Age of Learning Raises $150 Million

Marketplace K-12

The month of May kicked off with a significant number of deals in the ed-tech sector, including acquisitions by Chegg and ACT, Inc. based Chegg said in a statement. million in a round led by Imperial Innovations, according to press reports. In addition, several companies, including Age of Learning, CodeCombat and GotIt!,

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Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

Edsurge

While COVID-19 hit at the tail end of the first quarter, some publicly traded education companies already reported an impact on their Q1 2020 earnings. Chegg The bottom line: Chegg’s first quarter delighted investors. The company’s stock jumped more than 30 percent after its earnings report on May 4, reaching $61.91

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