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Chegg Buys Mathway, for Approx. $100M

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Chegg, Inc. (NYSE: CHGG), a Santa Clara, Calif.-based edtech company, acquired Mathway, a math solving company. The acquisition amount was approximately $100m in an all-cash transaction. Bringing Mathway into Chegg will bring additional subject coverage, languages, and international reach. Mathway offers a vast range of subject areas with 400+ different topics including pre-algebra, algebra, trigonometry, pre-calculus, calculus, and linear algebra, and related disciplines. It is used across the academic spectrum for both learning and instruction; approximately half of its users are in high school, while 1 in 10 are teachers, professors or parents.

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