clock menu more-arrow no yes

Chegg Buys Internships.com for $11 Million in Cash and Stock

Chegg said today it has bought Internships.com 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.

This article originally appeared on Recode.net.

Sign up for the newsletter Sign up for The Weeds

Get our essential policy newsletter delivered Fridays.