M&A Deal Summary

Chegg Acquires Mathway

On June 4, 2020, Chegg acquired internet software and services company Mathway for 100M USD

Acquisition Highlights
  • This is Chegg’s 12th transaction in the Internet Software and Services sector.
  • This is Chegg’s 3rd largest (disclosed) transaction.
  • This is Chegg’s 14th transaction in the United States.
  • This is Chegg’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-06-04
Target Mathway
Sector Internet Software and Services
Buyer(s) Chegg
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

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.

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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 15 of 16
Sector (Internet Software and Services) 12 of 13
Type (Add-on Acquisition) 14 of 15
State (Pennsylvania) 1 of 1
Country (United States) 14 of 14
Year (2020) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Thinkful

New York, New York, United States

Thinkful, Inc. is a school that offers tech careers to ambitious people everywhere. Thinkful provides 1-on-1 learning through its network of industry experts, hiring partners, and online platform to deliver a structured and flexible education. Thinkful, Inc. was established in 2012 and is based in New York City.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 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.

Buy $436M
Mergr

Product

Company

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