Blackboard wins clearance to buy WebCT

By Michael Feldstein | February 7, 2006

Looks like the Blackboard/WebCT merger has been approved:

FEB. 6 10:36 A.M. ET Blackboard Inc., an education software developer, said Monday it received clearance from the Department of Justice to buy WebCT Inc., a rival provider of Internet learning software, and expects to close the deal in March or April.

Up until now, I believe the two companies have been legally bound not to work together too closely or make public statements about detailed post-merger plans. I’m not sure if the gag comes off immediately upon Justice Department approval or only after the merger has been officially consumated, but either way we should be hearing more detailed plans through official channels relatively soon now.

This should be interesting.

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  1. By Blackboard wins clearance to buy WebCT on February 8, 2006 at 8:28 pm

    Up until now, I believe the two companies have been legally bound not to work together too closely or make public statements about detailed post-merger plans. I’m not sure if the gag comes off immediately upon Justice Department approval or…

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