news Chegg Inc Acquires Internships.com

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Chegg Inc(CHGG), a public company, announced today that it has acquired Internships.com, a division of CareerArc Group LLC for $10 million in cash and approximately $1 million in Chegg Common Stock.

The acquisition is not just of the domain name Internships.com, but the entire business which is "the world's student focused internship marketplace." It will add 2 million registered students, 380 university relationships, and 90,000 internships from 60,000 companies to the Chegg Career Center.

The acquisition enables transparency about requisite skills for internships and jobs to better inform student choices about the education options needed to pursue their desired careers.
 
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