Educational technology giant Blackboard is exploring a sale, according to anonymous sources who spoke to Reuters. The company, which develops the learning management system Learn and a host of other products, is reportedly seeking a deal of around $3 billion. Blackboard was a publicly traded company from 2004 to 2011, when it was bought by the private equity firm Providence Equity Partners for about $1.64 billion.
"Blackboard, like many successful players in the technology industry, has become subject of sale rumors," a spokesperson for the company said. "Although we are transparent in our communications about the Blackboard business and direction when appropriate, it is our policy not to comment on rumors or speculation."