Technology Crossover Ventures to Invest $125M in K12 Inc.
April 20, 2011
D.C.-based education software company Blackboard Inc. says it has received unsolicited takeover offers and says it’s considering them. Its stock rallied as much as 35 percent in Tuesday trading. Blackboard has hired Barclays Capital as its financial adviser and says it is evaluating the offers as well as other strategic alternatives to enhance shareholder value. …
Blackboard (NASDAQ: BBBB) today announced that it has retained Barclays Capital as its financial advisor in response to receiving unsolicited, non-binding proposals to acquire the company.