M&A Deal Summary

Gradesaver Acquires BookRags

On September 5, 2014, Gradesaver acquired internet software and services company BookRags from Ambassadors Group

Acquisition Highlights
  • This is Gradesaver’s 1st transaction in the Internet Software and Services sector.
  • This is Gradesaver’s 1st transaction in the United States.
  • This is Gradesaver’s 1st transaction in Washington.

M&A Deal Summary

Date 2014-09-05
Target BookRags
Sector Internet Software and Services
Buyer(s) Gradesaver
Sellers(s) Ambassadors Group
Deal Type Divestiture

Target

BookRags

Seattle, Washington, United States
BookRags, Inc. is a provider of online book summaries and notes.

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Buyer(S) 1

Buyer

Gradesaver

Boston, Massachusetts, United States

Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Gradesaver LLC is a provider of online study guides and school papers.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Ambassadors Group

Spokane, Washington, United States

Category Company
Founded 1967
Sector Education
Employees155
Revenue 39M USD (2014)
DESCRIPTION

Ambassadors Group, Inc. was an education and student travel company. Ambassadors was formed in 1967 and was headquartered in Spokane, Washington. The Company was dissolved in 2015.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-21 BookRags

Seattle, Washington, United States

BookRags, Inc. is a provider of online book summaries and notes.

Buy $18M