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Announced

Chegg to acquire Busuu for $436m.

Financials

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Transaction Value£326m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

Spain

Acquisition

Majority

Private

Digital Services

Single Bidder

language learning platform

Pending

Synopsis

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Chegg, a student-first connected learning platform, agreed to acquire Busuu, a language learning platform, for $436m. "The addition of Busuu gives Chegg the unique opportunity to expand our business while also adding tremendous value to our existing users. It will allow us to drive further into international markets, as well as accelerate Busuu’s growth in the US market. Busuu’s team, who we have known for many years, are a great cultural fit. They have built an incredible learning service for the serious language learner, and we are excited to have them as part of Chegg," Dan Rosensweig, Chegg President and CEO.

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