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Blackboard Is for Sale in Auction That Might Draw $3-Billion Bids

By  Andrew Mytelka
July 29, 2015

Blackboard, the giant provider of learning-management software, is for sale. According to the Reuters news agency, the privately held software company is seeking a buyer unfazed by an estimated $3-billion price tag. The company has hired two banks to conduct an auction to find such a buyer. Blackboard was

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Blackboard, the giant provider of learning-management software, is for sale. According to the Reuters news agency, the privately held software company is seeking a buyer unfazed by an estimated $3-billion price tag. The company has hired two banks to conduct an auction to find such a buyer. Blackboard was taken private in a buyout four years ago. Since then, it has faced increased competition from educational-technology start-ups.

  • jiffy-icon
  • Source: Reuters

Blackboard’s majority owner, private equity firm Providence Equity Partners LLC, has hired Deutsche Bank AG (DBKGn.DE) and Bank of America Corp (BAC.N) to run an auction for the company, the people said this week.

Read more at: www.reuters.com

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Andrew Mytelka
Andrew Mytelka is an articles editor at The Chronicle of Higher Education. Email him at andrew.mytelka@chronicle.com.
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