Blackboard has been sold to an investor group led by affiliates of Providence Equity Partners ("Providence") in an all-cash transaction valued at approximately $1.64 billion, plus the assumption of approximately $130 million in net debt. Blackboard Learn president Ray Henderson writes in a blog post that while the company had to be more prudent while it was publicly held, private ownership will enable it to be "more agile" and focus on the long term.
Other posts by Ian Quillen at Education Week... (more to come, no doubt)
Other posts by Ian Quillen at Education Week... (more to come, no doubt)
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