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The Law Offices of Vincent Wong Announce an Investigation of Blackboard Inc.

NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Blackboard Inc. (NASDAQ: BBBB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an investor group led by affiliates of Providence Equity Partners. Under the terms of the proposed deal, Blackboard stockholders will receive $45.00 per share in cash. The transaction has a total value of approximately $1.64 billion, plus the assumption of approximately $130 million in net debt.