Blackboard said to seek $800 mln for Cashnet; PE dominates process


Blackboard Inc, Cashnet, Providence Equity Partners, private equity, payment technology, merger, M&A
Students in a university atrium. monkeybusinessimages/iStock/Getty Images
Private equity is dominating Blackboard Inc’s sale of Cashnet, three sources said. Only buyout shops remain in the Cashnet process, sources said. First-round bids were due in early December, with the auction currently in management presentations, people said. Second-round bids are due ...

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