M&A Deal Summary

Chegg Acquires Internships.com

On October 2, 2014, Chegg acquired internet software and services company Internships.com from CareerArc for 11M USD

Acquisition Highlights
  • This is Chegg’s 8th transaction in the Internet Software and Services sector.
  • This is Chegg’s 9th largest (disclosed) transaction.
  • This is Chegg’s 9th transaction in the United States.

M&A Deal Summary

Date 2014-10-02
Target Internships.com
Sector Internet Software and Services
Buyer(s) Chegg
Sellers(s) CareerArc
Deal Type Divestiture
Deal Value 11M USD

Target

Internships.com

United States
Internships.com is a student-focused internship marketplace.

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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 9 of 16
Sector (Internet Software and Services) 8 of 13
Type (Divestiture) 1 of 1
Country (United States) 9 of 14
Year (2014) 3 of 3
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 InstaEDU

San Francisco, California, United States

InstaEDU is an on-demand tutoring marketplace. InstaEDU offers a platform that connects students with on-demand tutors in more than 2,500 subjects, ranging from high school and standardized test prep, all the way through advanced college concepts.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Imagine Easy Solutions

New York, New York, United States

Imagine Easy Solutions LLC is a provider of cloud based popular service EasyBib.com and other essential writing tools with capabilities such as citations, bibliography, writing structure and anti-plagiarism.

Buy $42M

Seller(S) 1

SELLER

CareerArc

Burbank, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

CareerArc serves as the next generation of social recruiting solutions for job seekers, college students, employers and higher education institutions. With a fundamental shift in the way people find and consume content, businesses have an enormous opportunity to stay more connected with job seekers and generate powerful word of mouth about their brand. CareerArc provides powerful applications to make this possible as well as online job, internship and content solutions to aid job seekers and career professionals to strengthen their skills.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 TweetMyJOBS

Burbank, California, United States

TweetMyJOBS has quickly become the largest Twitter job board in the world. With 10,053 vertical job channels segmented by geography, job type, and industry, TweetMyJOBS is able to connect employers and recruiters with targeted job candidates instantly any time a new job is posted to our service. Using SMARTTweet program, TweetMyJOBS enables companies to reach targeted job seekers AND the millions of Twitter users across the world. The goal is to help organizations use social media effectively to dramatically reduce recruiting costs while engaging with qualified and interested job seekers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Lumina

Burbank, California, United States

Lumina is a platform for generating visual job postings at scale. Lumina is based in Burbank, California.

Buy -