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July 6, 2011 03:29 am GMT
Blackboard, the maker of learning and education software for enterprises and schools, announced today that it is being acquired by a group of investors led by Providence Equity Partners, a private equity firm that specializes in media, entertainment, communications and information investments. Providence has also invested in several for-profit educational companies, like Education Management Corporation and Archipelago Learning. The acquisition is an all-cash deal valued at $1.64 billion, with Providence assuming approximately $130 million in Blackboard debt.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/N6zQbwvqlQQ/
Educated Buy? Providence Equity Partners To Acquire Blackboard For $1.64 Billion In Cash
Blackboard, the maker of learning and education software for enterprises and schools, announced today that it is being acquired by a group of investors led by Providence Equity Partners, a private equity firm that specializes in media, entertainment, communications and information investments. Providence has also invested in several for-profit educational companies, like Education Management Corporation and Archipelago Learning. The acquisition is an all-cash deal valued at $1.64 billion, with Providence assuming approximately $130 million in Blackboard debt.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/N6zQbwvqlQQ/
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