Fenwick & West represented Chegg, Inc. (NYSE: CHGG), a leading student-first connected learning platform, in its acquisition of StudyBlue, Inc. (“StudyBlue”), an online studying platform for high school and college students. Chegg acquired StudyBlue for approximately $20.8 million in an all cash transaction.
The acquisition enhances Chegg’s content and flash card tools offering, increasing value for students and expanding Chegg’s addressable market. More information about Chegg’s acquisition of StudyBlue can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers David Bell, Chris Gorman, Shweta Kumar and Samuel Fleuter; intellectual property and technology transactions lawyers David Hayes, Ralph Pais, Michael Riskin, Pinar Bailey and Ed Heffernan; executive compensation and employee benefits lawyers Blake Martell, Kristin O’Hanlon and Hans Andersson; and tax lawyer Will Skinner.