Deals
Providence Agrees to Acquire Blackboard for $1.64 Billion
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Providence Equity Partners Inc. agreed to buy Blackboard Inc., an education-software maker, for $1.64 billion to expand in university course materials.
Providence will pay $45 a share in cash, a 21 percent premium over Blackboard’s closing price on April 18, the last day of trading before the software maker said it would consider strategic alternatives, the companies said in a statement today.