London – December 2, 2021 – Cooley advised Chegg, a student-first connected learning platform, on its definitive agreement to acquire language learning platform Busuu for 385 million euros ($436 million). Partner Ben Shribman led the Cooley team advising Chegg.
The acquisition, which is expected to close in early 2022, will enhance Chegg's current offering with language learning support for students and professionals – a market that is expected to triple in size in the next five years.
"The addition of Busuu gives Chegg the unique opportunity to expand our business while also adding tremendous value to our existing users," Dan Rosensweig, president and CEO of Chegg, said in a news release. "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."
Based in Santa Clara, California, Chegg strives to improve educational outcomes by putting the student first. The company supports students on their journey from high school to college and into their career with tools designed to help them learn their course materials, succeed in their classes, save money on required materials and learn the most in-demand skills. Its services are available online, anytime and anywhere.