Internships.com, an online student internship marketplace, has been purchased by student learning platform Chegg for $11 million in a cash-and-stock deal.
A division of CareerArc Group, the Burbank company has worked with Chegg since 2013 to help connect students with internships. Chegg said the acquisition will add two million registered students, 380 university relationships and 90,000 internships to its Career Center.
"Adding Internships.com enables Chegg to fundamentally improve matching between students and employers, helping businesses to better identify the best candidates and students to develop the real world job skills they'll need upon graduation," said Dan Rosensweig, Chegg's chairman and chief executive, in a statement.
This is the Santa Clara firm's third buy of the year.
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