Chegg’s US$436 Million Acquisition of Busuu

In UK Orrick Herrington & Sutcliffe LLP, advised on the matter.

Orrick Herrington & Sutcliffe LLP advised Busuu with a team including James Connor (Picture – Corporate M&A), Christopher Grew (Corporate M&A), Faraaz Samadi (IP&IT), Jonathan Rosen (Tax M&A and Deal Advisory).

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.

Involved fees earner: 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: Orrick Herrington & Sutcliffe LLP;

Clients: Busuu;

Author: Giulia Di Palma