Buyout firm Providence Equity Partners is in exclusive talks to buy educational software company...

|By:, SA News Editor

Buyout firm Providence Equity Partners is in exclusive talks to buy educational software company Blackboard (BBBB), and a deal could be announced as early as next week, WSJ reports. Blackboard reportedly has sought more than 12x Ebitda, or ~$1.5B. BBBB +6.9% premarket.