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Thoma Bravo Fails to Win Support for Instructure Deal

Views Of Wall Street As Stocks Extend Losses
Photographer: John Taggart/Bloomberg

Thoma Bravo failed to win the necessary support to acquire educational software company Instructure Inc. after investors balked at the original terms, according to people familiar with the matter.

The private equity firm required a majority of Instructure shareholders to support the deal. Preliminary tallies ahead of a shareholder vote planned for Thursday showed they failed to reach that threshold, the people said, asking not to be identified because the matter is private.