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Reuters exclusively reports Blackboard is near sale to private equity 06.30.2011 Reuters broke the news on June 30 that education software company Blackboard Inc would announce a buyout by private equity firm Providence Equity Partners the next day. Reuters was also first to provide details of the debt providers, including Bank of America Merrill Lynch, Morgan Stanley and Deutsche Bank. The article spurred a 12 percent-plus jump in Blackboard’s shares in premarket trading the next day, before the stock was halted on Nasdaq ahead of the announcement. Blackboard announced on July 1 that it would be bought by Providence for $1.64 billion in cash. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Reuters exclusively reports Blackboard is near sale to private equity

06.30.2011

Reuters broke the news on June 30 that education software company Blackboard Inc would announce a buyout by private equity firm Providence Equity Partners the next day. Reuters was also first to provide details of the debt providers, including Bank of America Merrill Lynch, Morgan Stanley and Deutsche Bank. The article spurred a 12 percent-plus jump in Blackboard’s shares in premarket trading the next day, before the stock was halted on Nasdaq ahead of the announcement. Blackboard announced on July 1 that it would be bought by Providence for $1.64 billion in cash.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here