M&A Deal Summary

Chegg Acquires Thinkful

On September 4, 2019, Chegg acquired education company Thinkful for 100M USD

Acquisition Highlights
  • This is Chegg’s 2nd transaction in the Education sector.
  • This is Chegg’s 3rd largest (disclosed) transaction.
  • This is Chegg’s 13th transaction in the United States.
  • This is Chegg’s 2nd transaction in New York.

M&A Deal Summary
Date 2019-09-04
Target Thinkful
Sector Education
Buyer(s) Chegg
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

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.

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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 14 of 16
Sector (Education) 2 of 2
Type (Add-on Acquisition) 13 of 15
State (New York) 2 of 2
Country (United States) 13 of 14
Year (2019) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 StudyBlue

San Francisco, California, United States

StudyBlue, Inc. is a crowdsourced study library, with over 400 million flashcards, notes and study guides from students like you. Make and share study materials, search for recommended study content from classmates, track progress, set reminders, and create custom quizzes. StudyBlue, Inc. was founded in 2006 and is based in San Francisco, California.

Buy $21M
FOLLOWING 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
Mergr

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