Chegg has just purchased Busuu, a language learning community based in London, for €385 million

Busuu, based in London, has agreed to be purchased by Chegg, a US-based edtech business, for €385 million, in a move that will accelerate the company's aim of empowering people through languages.

Busuu was established in 2007 with the intention of integrating language instruction into a social network while also curating an online community of linguists. More than 120 million students from 160 different nations now make up the group.

Busuu, co-founded by Bernhard Niesner and Adrian Hilti, has revolutionised the language learning market by providing learners with interactive courses and direct practise with native speakers.

The edtech firm, which was formed in Madrid in 2008, has developed globally and relocated its headquarters to London in 2012. The workforce of over 150 people is currently spread among offices in London and Madrid.

Chegg, a publicly traded California firm, aims to enhance educational outcomes by prioritizing students. Students can access course materials online, anytime and anywhere, as the company supports them throughout their educational path, from high school to college to professional career.

Busuu will be able to reach out to more people throughout the world as a result of the acquisition, and will be able to establish a worldwide standard in language learning. Chegg has around 6 million active consumers who will be able to use Busuu's services in the near future.

"Our objective is to empower everyone in the globe via languages," stated Bernhard Niesner, CEO and Co-founder of Busuu. "Our connection with Chegg will enable us to reach this goal even faster."

This is major news in the European edtech sphere, and it heralds a new era of modern language learning methodologies for a global audience. Digital education is on the increase, and this acquisition is only another example of the industry's success.