Fenwick & West represented Chegg, Inc. (NYSE: CHGG), a leading student-first connected learning platform, in its acquisition of WriteLab, Inc., an AI-enhanced writing platform that teaches students grammar, sentence structure, writing style and offers instant feedback to help students revise, edit and improve their written work. Chegg acquired WriteLab for approximately $15 million, in an all cash transaction, with an additional payment possibility of $5 million to key employees over the next three years.
The acquisition strengthens Chegg’s existing writing service with the addition of new tools, features and functionality to take students from citing to writing. More information about Chegg’s acquisition of WriteLab can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers David Bell, Chris Gorman and Tina Lee; technology transactions lawyers Ralph Pais, Ana Razmazma and Pinar Bailey; executive compensation and employee benefits lawyers Blake Martell and Hans Andersson; and tax lawyers William Skinner and Michael Knobler.