Chegg - M&A Summary and Business Overview

Consumer ServicesCompany

Chegg M&A Summary

Chegg has acquired 16 companies, including 3 in the last 5 years.

Chegg’s largest acquisition to date was in 2021, when it acquired Busuu Online SL for $436M. Chegg has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include internet software and services (82%) and education (13%).

Chegg Business Overview

Where is Chegg headquartered?

Chegg is headquartered in Santa Clara, California.

What is Chegg’s revenue?

Chegg disclosed revenue of 767M USD for 2022 and 776M USD for 2021.

How many employees does Chegg have?

Chegg has 3,073 employees.

What sector is Chegg in?

Chegg is a consumer services company.

When was Chegg founded?

Chegg was founded in 2005.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity16
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2

Chegg

Chegg, Inc.

3990 Freedom Circle,
Santa Clara, California 95054
United States,
(408) 855-5700
www.chegg.com

Chegg offers products and services that help students throughout the learning lifecycle, from choosing a college through graduation and beyond. To deliver these services, the Company partners with several third parties. Chegg works with over 750 colleges who rely on the Company to help shape their incoming classes. Chegg sources print textbooks, eTextbooks and supplemental materials directly or indirectly from thousands of publishers in the United States, including Pearson, Cengage Learning, McGraw Hill, Wiley and MacMillan. Chegg also has a large and growing network of students and professionals who leverage its platform to tutor in their spare time. Chegg was founded in 2005 and is based in Santa Clara, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 14 1 1 - - - 16
vol $241M $100M $436M $777M
Sell (0.0/yr) # - - - - - - 0
  16

Most Recent M&A

Company Date Value Type
Busuu Online SL 2021-11-29 436M USD Add-on Acquisition
Madrid, Spain · www.busuu.com
Mathway LLC 2020-06-04 100M USD Add-on Acquisition
Center Valley, Pennsylvania · www.mathway.com
Thinkful, Inc. 2019-09-04 100M USD Add-on Acquisition
New York, New York · www.thinkful.com
StudyBlue, Inc. 2018-07-02 21M USD Add-on Acquisition
San Francisco, California · www.studyblue.com
WriteLab, Inc. 2018-05-16 20M USD Add-on Acquisition
Berkeley, California · www.writelab.com
Cogeon GmbH (MATH 42) 2017-10-18 - Add-on Acquisition
Berlin, Germany · www.math-42.com
Imagine Easy Solutions LLC 2016-05-02 42M USD Add-on Acquisition
New York, New York · www.imagineeasy.com
Internships.com 2014-10-02 11M USD Divestiture
, United States · www.internships.com
InstaEDU, Inc. 2014-06-03 30M USD Add-on Acquisition
San Francisco, California · www.instaedu.com
Campus Special LLC 2014-04-17 17M USD Add-on Acquisition
Duluth, Georgia · www.campusspecial.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 13 (81%) 677M (87%) - -
Education 2 (13%) 100M (13%) - -
Information Technology 1 (6%) - - -
Total 16 $777M - -

By Geo

State/Country Buy Value Sell Value
United States 14 341M - -
  California 9 71M - -
  New York 2 142M - -
  Pennsylvania 1 100M - -
  Georgia 1 17M - -
Germany 1 - - -
Spain 1 436M - -
Domestic 14 (88%) 341M (44%) - -
Cross-border 2 (13%) 436M (56%) - -
Total 16 $777M - -

Deal Values

buy # Total
$100M to $1B 1 $436M
< $100M 8 $341M
TOTAL $777M
Largest Busuu Online SL
$436M (2021-11-29)

M&A Connections

Deals
Acquired from
Strategic(s)
13%
2 (13%)

Company Summary

SECTOR

Consumer Services

Revenue

767   2% 2022
776   21% 2021
644   57% 2020
411   29% 2019
321   26% 2018
255   1% 2017
254   16% 2016
301   2% 2015
305   20% 2014
256   21% 2013
213   2012
(millions of USD) Show More Show Less

Employees

3,073

Established

2005

Public

NYSE: CHGG

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