Online college textbook rental company Chegg will "stop managing the physical books that it rented out to students, and completely hand off that part of the business" to Ingram by the end of next year, the New York Times reported, noting that customers "will still use the company to order textbooks, as well as higher-margin digital services like e-textbooks, test preparation materials and career counseling."
"This focuses Chegg," said CEO Dan Rosensweig. "This takes a big headache off the table and allows our investors to enjoy what a digital company can do."
