The Wall Street Journal is reporting that Blackboard, the company that everyone loves to hate, may be subject to takeover bids. This is not an unexpected development, but it will have significant implications for higher education nonetheless. As I write this, Blackboard’s stock is up around 15 points. This means that someone, somewhere, thinks that higher education is a market worth investing in, which may be ironic for those working in the area right now, who mostly voice gloom and doom.
There are many unanswerable questions here: Who is bidding for Blackboard? Who will win the battle? What will be the path Blackboard will follow under new ownership? And what will this mean for all the upstart companies that are coming into existence expressly to challenge Blackboard?
A Blackboard acquisition will be a transformative deal. Stay tuned.