Consolidation Coming To Online Textbook Rentals?
Last month both Chegg.com and BookRenter.com announced new funding rounds -- $57 million in Series D for Chegg.com (not counting credit and debt, which take its funding to $112 million) and $6 million for BookRenter.com. At the time, BookRenter was playing David to Chegg's Goliath, claiming it could tackle online book rentals at a fraction of Chegg's cost. However, there's a third player -- CampusBookRentals.com, which claims to be bigger than BookRenter but has so far hung on to its equity and raised debt -- and it appears that merger talks, or at least merger feelers, among the three companies may already have begun.
14 December 2009•2 mins read
