http://www.reuters.com/article/2015/07/28/us-blackboard-providence-idUSKCN0Q226R20150728?irpc=932
So what will this mean for some of the work involved in helping Moodle? New owners = new priorities. Future for Blackboard users and, now, Moodle users tied to this company could be uncertain as to the direction and future costs to use their hosted services.
Helping Moodle? Blackboard?
Ok then
I do not see anything sinister in this. Blackboard is being told that if you sell right now, you may get up to $ 3.4 Billion at auction. if it cost Providence $ 1.64 Billion in 2011 to take Blackboard private, that will be quite a profit.
They are face with a decision knowing that the competition is catching up to them. This may be the right time to sell. Will rates go up, I doubt it, not if the new owners want to stay competitive in the marketplace. I think it will be business as usual.