Welcome to The CITE -- a blog on Course materials, Innovation, and Technology in Education, created by Mark Nelson and now part of the Publications Department of the National Association of College Stores. CITE is a pun with multiple meanings - referring to cite as in citation, something people reference; site as in location, website, or place people go to; and sight as in foresight or looking ahead to what is coming. Comments, discussion, feedback and ideas are welcome.

Tuesday, October 7, 2014

Chegg Continues to Branch Out

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.

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