M&A Update: Blackboard

Blackboard seems to be headed for private equity ownership. Word has it that the price was steep for a declining marketshare. Reuters reports that Providence Equity Partners will take the company private. Blackboard's shares had been trading around $38 in early April and rose above $48 on news of the deal. This week, Blackboard was treading water in the mid $40s.

STAY UP TO DATE ON EDTECH.News, research, and opportunities - sent weekly.