M&A Update: Blackboard

Mergers and Acquisitions

M&A Update: Blackboard

Jun 29, 2011

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.

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