Chegg, Inc. (NYSE:CHGG) shares closed more than 8% higher Tuesday, following the company’s announcement, according to which it is going to acquire Busuu, an online language learning platform targeting both students and professionals in the workplace.

The $436 million cash acquisition is expected to help diversify Chegg’s business model and provide it with a strong foundation of users internationally (90% of Busuu’s subscribers are outside of the U.S.).

The company also announced a proposed $300 million accelerated share repurchase transaction under the previously announced $1 billion securities repurchase program.