Blackboard, the maker of software used by schools and colleges to manage online learning, said on May 6 that it expects to acquire another of its main competitors, Angel Learning of Indianapolis, reports the Washington Post. The Washington, D.C.-based company, whose eLearning software is ubiquitous on many university campuses, will pay about $95 million—$80 million in cash and $15 million in stock—for its rival, excluding transaction costs and including the cash it will acquire from privately held Angel. The deal is expected to close this month, Blackboard said. In an interview, Blackboard chief executive Michael L. Chasen said that combining...

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