Friday, August 19, 2011

Student of Fortune Acquired By Chegg

Los Angeles-based Student of Fortune, the online tutorial marketplace and homework help site headed by Sean McCleese, has been acquired by textbook marketplace site Chegg, Chegg said Friday. Financial terms of the acquisition were not disclosed. The acquisition of Student of Fortune is the second, major acquisition of a Los Angeles-based homework site by Chegg in the last year; Chegg acquired fellow Los Angeles homework help site Cramster in December. Student of Fortune was founded in 2005. Chegg said that Student of Fortune already is used by more than 300,000 students.

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