Chegg Buys Internships.com for $11M

Chegg Buys Internships.com for $11M

INTERNSHIPS.COM: Acquired by Santa Clara, CA-based Chegg for $10 million in cash and $1 million in Chegg stock (trading at $6.25 per share at time of writing). A division of CareerArc Group LLC, Internships.com offers an online search marketplace that, according to the release, boasts over 90,000 internships across the U.S. and two million registered students. This marks Chegg's third acquisition since its IPO, after spending $17 million for Campus Special and $30 million for InstaEDU.

Stay up to date on edtech. Sign up to have top stories delivered weekly.

Who we are

EdSurge helps schools find, select and use the right technology to support all learners.
© 2011-2016 EdSurge Inc. All rights reserved. Every student succeeds.