Chegg’s US$436 Million Acquisition of Busuu

Orrick and Gómez-Acebo & Pombo advised Busuu on the deal while Cooley advised Chegg.

Busuu Online SL signed its definitive agreement to be acquired by Chegg, Inc (NYSE: CHGG) for approximately $436 million (€385 million) in an all-cash transaction. The acquisition is expected to close early in the first quarter of 2022.

Busuu is one of the world’s leading language learning platforms with over 120 million learners to date in more than 160 countries, providing courses in 12 different languages to over 500,000 paying subscribers. Busuu was founded in 2008 by Bernhard Niesner and Adrian Hilti and has offices in London and Madrid.

The Orrick team was led by James Connor (Picture) and Chris Grew and includes Elizabeth Monro-Davies, Kirstie Parr, Thomas Allen, Jonathan Rosen, John Narducci, Bridget Winters, Heather Behrend, Fiona Jeffery-Sinclair, Faraaz Samadi, Natasha Ahmed, Chloe Palios, Jeanine McGuinness, Maria Sergeyeva and Charlotte Oliver.

The Cooley team included: Ben Shribman, Anne Lieberman, Natasha Kaye, Paula Holland, Aaron Pomeroy, Chris Stack, Ann Bevitt, Scott Dailard, Ryan Vann, Tanisha James, Chris Coulter, Jamie Leigh, Barbara Mirza, Christine Graham, Stella Sarma, Russell Anderson, Kafeel Azher, Bethan Chalmers, Kevin Sharara, Jack Jones, James Foster, Amy Collins, Penelope Hale, Patrick Sharma, Matteo Negro, Michael Coburn, Andrew Linch, Oliver Ware, Steve Cuss, Mattie Wheeler, Juan Nascimbene, Polina Demina, Aarti Reddy and Jan Lang.

The GA_P team has been formed by: Álvaro Mateo, Alba Pérez, Patricia Pérez and Inés López, partner, associates and trainee of Corporate, Borja González and Jesús Tallos, of counsel and associate of Labour, Bárbara Sainz de Vicuña, associate of Industrial Property, Intellectual Property and Technology, Eduardo Martínez-Matosas and Luis Cuesta, partner and associate of Tax and Juan Romero, of counsel of Public.

Involved fees earner: Russell Anderson – Cooley LLP; Kafeel Azher – Cooley LLP; Ann Bevitt – Cooley LLP; Bethan Chalmers – Cooley LLP; Michael Coburn – Cooley LLP; Amy Collins – Cooley LLP; Chris Coulter – Cooley LLP; Steve Cuss – Cooley LLP; Scott Dailard – Cooley LLP; Polina Demina – Cooley LLP; James Foster – Cooley LLP; Christine Graham – Cooley LLP; Penelope Hale – Cooley LLP; Paula Holland – Cooley LLP; Jack Jones – Cooley LLP; Tanisha James – Cooley LLP; Natasha Kaye – Cooley LLP; Jan Lang – Cooley LLP; Jamie Leigh – Cooley LLP; Anne Lieberman – Cooley LLP; Andrew Linch – Cooley LLP; Barbara Mirza – Cooley LLP; Juan Nascimbene – Cooley LLP; Matteo Negro – Cooley LLP; Aaron Pomeroy – Cooley LLP; Aarti Reddy – Cooley LLP; Stella Sarma – Cooley LLP; Kevin Sharara – Cooley LLP; Patrick Sharma – Cooley LLP; Ben Shribman – Cooley LLP; Chris Stack – Cooley LLP; Ryan Vann – Cooley LLP; Oliver Ware – Cooley LLP; Mattie Wheeler – Cooley LLP; Luis Cuesta Cuesta – Gomez-Acebo & Pombo; Borja González Elejabarrieta – Gomez-Acebo & Pombo; Eduardo Martínez-Matosas Ruiz de Alda – Gomez-Acebo & Pombo; Patricia Pérez Beade – Gomez-Acebo & Pombo; Juan Ignacio Romero Sánchez – Gomez-Acebo & Pombo; Bárbara Sainz de Vicuña Lapetra – Gomez-Acebo & Pombo; Álvaro Mateo Sixto – Gomez-Acebo & Pombo; Jesús Tallos del Rio – Gomez-Acebo & Pombo; Natasha Ahmed – Orrick Herrington & Sutcliffe LLP; Heather Behrend – Orrick Herrington & Sutcliffe LLP; James Connor – Orrick Herrington & Sutcliffe LLP; Christopher Grew – Orrick Herrington & Sutcliffe LLP; Jeanine McGuinness – Orrick Herrington & Sutcliffe LLP; Elizabeth Monro-Davies – Orrick Herrington & Sutcliffe LLP; John Narducci – Orrick Herrington & Sutcliffe LLP; Charlotte Oliver – Orrick Herrington & Sutcliffe LLP; Chloe Palios – Orrick Herrington & Sutcliffe LLP; Kirstie Parr – Orrick Herrington & Sutcliffe LLP; Jonathan Rosen – Orrick Herrington & Sutcliffe LLP; Faraaz Samadi – Orrick Herrington & Sutcliffe LLP; Maria Sergeyeva – Orrick Herrington & Sutcliffe LLP; Bridget Winters – Orrick Herrington & Sutcliffe LLP;

Law Firms: Cooley LLP; Gomez-Acebo & Pombo; Orrick Herrington & Sutcliffe LLP;

Clients: Busuu; Chegg, Inc.;

Martina Bellini

Author: Martina Bellini