InterActiveCorp's (NASDAQ:IACI) Tutor.com unit has bought leading test prep/college admission services firm The Princeton Review for an undisclosed sum.
Going forward, Tutor.com will mostly offer its existing services (used to connect students with a network of online tutors) under The Princeton Review brand. Joint tutoring/test prep services are planned.
Tutor.com, acquired in early 2013, is part of IAC's recently-formed Match Group, which also includes the company's online dating assets. Acquiring The Princeton Review could put Tutor.com on better footing to compete against Chegg (NYSE:CHGG), which recently bought rival tutoring site InstaEDU.
IAC is only two weeks removed from buying online dating service HowAboutWe. The company's Q2 report arrives tomorrow morning.