Blackboard to Buy Rival E-Learning Firm – washingtonpost.com

Blackboard, the maker of software used by colleges to put lectures online, said yesterday that it expects to acquire one of its main competitors, Angel Learning of Indianapolis. The DC-based company, whose e-learning software is ubiquitous on many university campuses, will pay about $95 million — $80 million in cash and $15 million in stock — for its rival, excluding transaction costs and including the cash it will acquire from privately held Angel.
(Link: Blackboard to Buy Rival E-Learning Firm – washingtonpost.com)