College One-Stop Shop: Chegg Buys Web Tutoring Service

Online textbook rental and education service Chegg Inc. has acquired Web tutoring service Student of Fortune, Inc. for cash and company stock as the start-up broadens its business to try to become a one-stop-shop for college students.

The purchase price was not disclosed but a person familiar with the matter said the tutoring Web site was profitable and enjoyed high margins since it only has five full time employees.

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