M&A Deal Summary

Chegg Acquires Busuu

On November 29, 2021, Chegg acquired internet software and services company Busuu from McGraw Hill Education for 436M USD

Acquisition Highlights
  • This is Chegg’s 13th transaction in the Internet Software and Services sector.
  • This is Chegg’s largest (disclosed) transaction.
  • This is Chegg’s 1st transaction in Spain.

M&A Deal Summary
Date 2021-11-29
Target Busuu
Sector Internet Software and Services
Buyer(s) Chegg
Sellers(s) McGraw Hill Education
Deal Type Add-on Acquisition
Deal Value 436M USD

Target

Busuu

Madrid, Spain
Busuu is an online social network for language learning with millions of users. Busuu is used by individuals across a broad age range, both in and out of formal education, and also provides corporate language training to hundreds of organizations. Its innovative approach combines self-paced courses developed by an in-house team of language experts with instant feedback from a global community of native speakers.

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Buyer(S) 1

Buyer

Chegg

Santa Clara, California, United States
Category Company
Founded 2005
Sector Consumer Services
Employees3,043
Revenue 716M USD (2023)
DESCRIPTION

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 was founded in 2005 and is based in Santa Clara, California.

DEAL STATS #
Overall 16 of 16
Sector (Internet Software and Services) 13 of 13
Type (Add-on Acquisition) 15 of 15
Country (Spain) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 Mathway

Center Valley, Pennsylvania, United States

Mathway LLC offers a vast range of subject areas with 400+ different topics including pre-algebra, algebra, trigonometry, pre-calculus, calculus, and linear algebra, and related disciplines. Mathway was founded in 2008 and is based in Center Valley, Pennsylvania.

Buy $100M

Seller(S) 1

SELLER

McGraw Hill Education

New York, New York, United States
Category Company
Founded 1888
Sector Education
Employees5,300
DESCRIPTION

McGraw Hill Education is a provider of high-quality educational material and learning solutions for students, instructors, and institutions around the world. McGraw Hill Education was founded in 1888 and is based in New York City.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Spain) 1 of 1
Year (2021) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Achieve3000

Red Bank, New Jersey, United States

Achieve3000 delivers a comprehensive learning platform that significantly accelerates and deepens learning in literacy, math, science, social studies, and English Language Arts. Achieve3000 was founded in 2000 and is based in Red Bank, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 Boards & Beyond

West Hartford, Connecticut, United States

Boards & Beyond is a provider of on-demand video libraries and comprehensive online resources that help medical students efficiently learn fundamentals of medical basic sciences and clinical medicine. Boards & Beyond was founded in 2014 and is based in West Hartford, Connecticut.

Buy -
Mergr

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