Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Yes, Blackboard got taken out by a private group. Funny for a company that is a "leading provider of enterprise learning software applications and related services" still has an investor relations tab on their site, with a stock quote and everything, even though their Q2 earnings report also mentions that "On July 1, 2011, Blackboard announced that it had entered into a definitive merger agreement under which Blackboard will be acquired by an affiliate of Providence Equity Partners in an all-cash transaction. Pursuant to terms of the agreement, Blackboard shareholders will receive $45.00 in cash for each share of common stock."

$1.6 billion dollars seems a little pricy for a company making a small loss on about $500 mn in revenues, but that's the problem with this sort of story stock. That may be the problem with the concept in general, of looking for a stock on the basis of a general thesis...

Regards, DTM
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.