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Blackboard and WebCT merge

Posted by ryuzaki0 on from the writing-on-the-wall dept.

Acidangl writes "Blackboard and WebCT, leading providers of enterprise software and services to the education industry have announced plans to merge." From the article: "Under terms of the agreement, Blackboard will acquire WebCT in a cash transaction for $180 million, which values the offer at approximately $154 million, net of WebCT's August 31, 2005 cash balance of $26 million. The ultimate value of the offer will vary depending on WebCT's cash balance at closing."

2 of 277 comments (clear)

  1. Interesting... by Anonymous Coward · · Score: 1, Funny

    No, wait, the other thing - tedious.

  2. in other news, by moosesocks · · Score: 5, Funny

    In related news, shares of WebCT were down $5 after news of the merger, although this is expected to rise by 20% at the end of the semester after the curve is applied.

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    -- If you try to fail and succeed, which have you done? - Uli's moose