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.