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October 4, 2011

Providence Equity Partners Completes Acquisition of Blackboard Inc.

— Blackboard stockholders to receive $45.00 per share in cash — Transaction valued at approximately $1.64 billion in enterprise value — Blackboard to become a privately held company WASHINGTON, Oct. 4, 2011 /PRNewswire/ — Blackboard Inc. (NASDAQ: BBBB) today announced the completion of its acquisition by an investor group led by affiliates of Providence Equity

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