Chegg Acquires Mathway
June 4, 2020
Chegg, Inc. acquired Mathway, a popular math solver with subscribers in approximately 100 countries, for approximately $100 million in cash plus up to $15 million in potential contingent payments. The acquisition adds Mathway's step-by-step solver, multi-language support and live expert help to Chegg's direct-to-student learning platform to expand math subject coverage and international reach.
- Buyers
- Chegg, Inc.
- Targets
- Mathway
- Industry
- Education
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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