|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's range||26.05 - 27.86|
|52-week range||24.25 - 115.21|
|Beta (5Y monthly)||0.80|
|PE ratio (TTM)||13,925.00|
|Earnings date||07 Feb 2022 - 11 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||55.00|
Chegg (CHGG) expands its global TAM with Busuu buyout plan and announces an ASP plan.
SANTA CLARA, Calif., November 29, 2021--Chegg, Inc. (NYSE:CHGG) today announced that its board of directors authorized Chegg to enter into a proposed accelerated share repurchase ("ASR") transaction to repurchase $300 million of Chegg’s common stock. The Company intends to enter into an ASR transaction with a financial institution during the fourth quarter of 2021, subject to market conditions.
SANTA CLARA, Calif., November 29, 2021--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it has entered into a definitive agreement to acquire Busuu, one of the leading language learning platforms which has reached over 120 million learners to date across more than 160 countries. Busuu provides courses in 12 different languages to over 500,000 paying subscribers.