Blackboard Owner Acquires Higher One

July 1, 2016

Blackboard's parent company, Providence Equity Partners, is acquiring the higher education financial company Higher One for $260 million. The acquisition is the latest move from Blackboard to expand its capacity to handle payments. The company has recently been boosting the capabilities of its own financial services provider, Transact. Providence Equity Partners is technically creating a subsidiary, Winchester Acquisition Corp., to complete the acquisition.

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