Moody’s downgrades Blackboard’s debt. Behind the financial lingo lies some insight into the company’s turnaround efforts and impact from late delivery of Learn Ultra.
Just over four years since Providence Equity Partners acquired Blackboard and three years after they brought in Jay Bhatt to replace co-founder Michael Chasen, the company announced another change in CEO. Blackboard has removed Jay Bhatt and replaced him with Bill Ballhaus. The official reason from the announcement: Today, we are fortunate to be joined […]