Blackboards, Inc. Merger Litigation (Nasdaq: BBBB)

Law Office of Brodsky & Smith, LLC Announces Investigation of Blackboard, Inc 
 
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Blackboard (“Blackboard” or the “Company”) (Nasdaq – BBBB - News) relating to the reported offer by Providence Equity Partners. (“Providence”).  
 
On April 19, 2011, Blackboard said it had received unsolicited takeover offers and was considering them, but did not identify from whom the offers were from. Providence is in the lead in the bidding to acquire Blackboard, according to Bloomberg News, citing people familiar with the bidding process. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Blackboard by not acting in Blackboard shareholders' best interests in connection with the sale process.  
 
If you own shares of Blackboard stock and wish to discuss the legal ramifications of the proposed offer, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90. 

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