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Chegg Buys for $11 Million in Cash and Stock

Chegg said today it has bought for $10 million in cash and $1 million in stock of the education hub website. “With this acquisition, Chegg is poised to disrupt the highly inefficient and fragmented $5 billion college recruiting market,” said Chegg CEO Dan Rosensweig in a statement. The internship marketplace, which has been a partner of Chegg’s for a year already, has two million registered students and 90,000 internships listed.

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