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Providence Leads Blackboard Auction

Providence Equity Partners is the front running bidder for online educational courseware maker Blackboard.

Providence Equity Partners is the front running bidder for online educational courseware maker Blackboard, Bloomberg reports. Blackboard has also received a bid from Hellman & Friedman.

Blackboard is valued at about $1.5 billion. The company had appointed Barclays Capital to review unsolicited buyout offers.

Click here for the story from Bloomberg.

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