Thursday, October 2, 2014
Internships.com Acquired By Chegg
Burbank-based Internships.com, which is a division of CareerArc Group LLC, has been acquired by Chegg in a $11M deal. According to Chegg, it will pay $10M in cash and $1M in shares of Chegg common stock for the student-focused, internships marketplace. Chegg said that Internships.com had around 2 million registered students using its service. Interships.com was headed by serial entrepeneur Robin D. Richards.