Chegg’s $100 Million Acquisition Of Mathway


Fenwick & West represented Chegg in the transaction.

Chegg acquired Mathway for approximately $100 million in an all-cash transaction. The acquisition expands Chegg’s math offerings globally.

Chegg, Inc. (NYSE: CHGG) is a leading direct-to-student learning platform based in Santa Clara, California.

Founded in 2002 by middle school friends Frank Balcavage and Jake Kuehner, Mathway has become one of the highest rated education mobile apps2. Mathway teaches students with an easy-to-use solver that can be accessed through optical character recognition and offers step-by-step instruction to teach both simple and complex mathematics.

The Fenwick transaction team advising Chegg included corporate partner David Bell (Picture) and associates Priscila Bastazin, Aaron Ginsburg and Sloka Tankala; executive compensation and employee benefits counsel Nicholas Frey and associate Joshua Fuller; technology transactions partner Stephen Gillespie and associates Ana Razmazma, Joseph Schenck and Julia Chung; privacy and cybersecurity partner Tyler Newby and of counsel Hanley Chew; and tax partner William Skinner and associate Michael Knobler.

Involved fees earner: Priscila Bastazin – Fenwick & West LLP; David Bell – Fenwick & West LLP; Hanley Chew – Fenwick & West LLP; Julia Chung – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Joshua Fuller – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Aaron Ginsburg – Fenwick & West LLP; Michael Knobler – Fenwick & West LLP; Tyler Newby – Fenwick & West LLP; Ana Razmazma – Fenwick & West LLP; Joseph Schenck – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Sloka Tankala – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Chegg, Inc.;

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Author: Ambrogio Visconti