Blackboard's Acquisition of ANGEL Learning Under Review?
Blackboard Inc.'s purchase of ANGEL Learning last month has drawn the attention of the U.S. Department of Justice, according to this story in Campus Technology.
As I reported here a couple weeks ago, the $95 million deal will expand Blackboard’s client base to nearly 6,000 schools, colleges, government agencies, and corporations, according to a company statement.
But the Campus Technology story mentions concerns among ANGEL Learning clients, without specifying the nature of the complaints.
Blackboard officials say they are cooperating with the inquiry, but confident that it will be resolved without complications for the merger.
"The industry is as vibrant as it has ever been and we are confident that the acquisition of ANGEL Learning was compliant with all applicable antitrust requirements. We are providing information to the Department of Justice on a voluntary basis in response to an inquiry received on May 22," Blackboard's Chief Business Officer Matthew Small said in a statement.