Chegg is to acquire Zinch, a business that connects prospective college and graduate students to scholarships, admissions officers and other students who have been through the same process. Terms of the deal were not disclosed. The acquisition is expected to be completed by the end of this month.
The acquisition of Zinch, with over 3.5 million members, $1.9 billion in scholarships and over 5,000 school profiles, significantly expands Chegg’s customer base and its social education platform.
“Our mission has always been to save students time, money and help them get smarter,” said Dan Rosensweig, president and CEO of Chegg. “With our acquisition of Zinch, we’re extending our mission to high school students through the $7 billion college recruiting market, while continuing to break down the barriers of a college education, from the high cost of tuition and textbooks to helping students make money, pick their courses and get the academic help they need.”
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