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Educational software developer Blackboard (BBBB) agrees to be acquired for $45/share ($1.64B...

Educational software developer Blackboard (BBBB) agrees to be acquired for $45/share ($1.64B plus $130M in debt) by Providence Equity Partners, a 21% premium to when Blackboard said it was exploring a sale on April 18. Shares closed Thursday -0.6% to $43.39, but surged 12.8% AH to $48.93 on speculation of a deal. (PR)
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