Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, June 12, 2020

Article Excerpt

CHEGG INC., $56.90, symbol CHGG on New York, is an educational company that provides services to secondary school and university students. These services include tutoring, help with writing papers, textbook rentals and professional courses. In 2019, more than 3.9 million students subscribed to Chegg’s services, 29% higher than a year earlier. The company offers required and non-required scholastic materials, including textbooks in any format, from print to eTextbooks. It also offers access to online homework help and textbook solutions; course organization and scheduling services; college and university matching tools; and scholarship connections. Chegg sources print textbooks, eTextbooks and supplemental materials directly or indirectly from thousands of publishers in the U.S., including Pearson, Cengage Learning, McGraw Hill, Wiley and MacMillan. The company started up in 2003 and is headquartered in Santa Clara, California. On June 4, 2020, Chegg announced that it would acquire Mathway, a mobile app that helps students solve math equations. Serving subscribers in more than 100 countries and 13 languages, Mathway solved more…