Business

Blackboard agrees to $1.64 billion buyout by Providence Equity investor group

Associated Press Contributor

After a four-month review of the education software company’s strategic options, Blackboard has agreed to a $1.64 billion buyout by an investor group led by Providence Equity Partners.

The deal will take the company private and keep its existing management in place.

The all-cash purchase will earn Blackboard’s stockholders $45 per share.

Full story: Blackboard agrees to $1.64 billion buyout by Providence Equity investor group – The Washington Post