The online textbook rental company Chegg Inc. continued
its recent buying spree, paying $10 million in cash and $1 million in stocks to
acquire Internships.com, according to a report in Internet Retailer. Internships.com is an online service that helps college
students find and secure paid and unpaid internships.
Internships.com, which has two million registered
users, will be part of the Career Center section on the Chegg website. The
section helps students search for careers, build skills, and land entry-level
jobs.
Chegg also acquired the online tutoring service
InstaEDU for $30 million in June and bought Campus Deals, which offers mobile
coupons to college students, in April. In addition, Chegg announced a deal in
September to outsource products, warehousing, fulfillment, and rental returns
of its inventory to Ingram Content Group so it could focus on digital
initiatives.
