Tech Company M&A Transactions
WebCT Acquisition
WebCT was purchased by Blackboard. The transaction was announced on 10/13/2005. The transaction price was $180 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/13/2005
Transaction Type
M&A
Amount
$180,000,000
M&A Terms
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. The closing of the transaction is subject to regulatory approval and other customary closing conditions. WebCT and Blackboard have stated that they expect the transaction will close late this year or in early 2006.
Company Information
Company Status
Acquired or Merged
Industry
EdTech
Mailing Address
6 Kimball Ln 310
Lynnfield, MA 01940
USA
Lynnfield, MA 01940
USA
Phone
Website
Email Address
Not Recorded
Overview
WebCT shows students a virtual classroom on a virtual campus. Founded in 1995 by CEO Carol Vallone, WebCT offers e-learning software for more than 2,000 colleges and universities in more than 70 countries around the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Carol Vallone
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