Law Office of Jonathan M. Stein, P.L., Announces Investigation of Blackboard, Inc.

BOCA RATON, Fla.--(BUSINESS WIRE)--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Blackboard, Inc. ("Blackboard" or the "Company") (Nasdaq: BBBB) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to an investor group led by affiliates of Providence Equity Partners ("Providence"). Under the terms of the proposed transaction, Blackboard shareholders are to receive $45.00 in cash for each share of Blackboard they own, for a total transaction value of about $1.64 billion.