Rigrodsky & Long, P.A. Announces Investigation of Blackboard, Inc.

WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Blackboard, Inc. (“Blackboard” or the “Company”) (Nasdaq: BBBB) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by an investor group led by affiliates of Providence Equity Partners (“Providence”) in an all-cash transaction valued at approximately $1.64 billion, plus the assumption of approximately $130 million in net debt.