Online Textbook Rental Service Chegg Buys College Planning Site CourseRank
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Very heavily-backed online textbook rental service Chegg has made what is apparently its first acquisition: college course planning site CourseRank. CourseRank, which was founded at Stanford as a class project three years ago and has since expanded to 175 colleges, features a planner which students can use to organize their “academic career” as well as grades.
It sounds like Chegg, which is headed up by former Yahoo (NSDQ: YHOO) COO Dan Rosensweig, will use CourseRank as an outlet to advertise its textbook rentals; the company says “a feature for students to find textbooks for their courses using CourseRank is currently in beta.” Under Chegg, CourseRank says it will also be “expanding our reach to more schools.” Financial terms of the deal weren’t released.
@josephtartakoff
Aug 19, 2010 1:40 PM ET
Posted In: Media & Publishing, Books, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Yahoo, chegg, courserank
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