The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Blackboard Inc

							The Law Firm of Levi & Korsinsky, LLP
Announces Investigation of Blackboard Inc.
July 01, 2011 11:48 AM Eastern Daylight Time 

NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky is investigating the Board of Directors of
Blackboard Inc. (“Blackboard” or the “Company”) (NASDAQ: BBBB) for possible breaches of fiduciary duty and
other violations of state law in connection with the sale of the Company to an investor group led by affiliates of
Providence Equity Partners. Under the terms of the transaction, Blackboard stockholders will receive $45.00 in cash
for each share of Blackboard stock they own. The transaction has a total value of approximately $1.64 billion, plus
the assumption of approximately $130 million in net debt.

Click here to learn how to join the action: http://zlk.com/blackboard, or call: 877-363-5972.

The investigation concerns whether the Blackboard Board of Directors is adequately shopping the Company and
working to obtain the best price possible for Blackboard shareholders. In particular, Blackboard stock traded as
high as $48.80 per share as recently as April 21, 2011. Furthermore, at least one analyst set a price target for
Blackboard stock at $55.00 per share.

If you own common stock in Blackboard and wish to obtain additional information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://www.zlk.com/blackboard-bbbb.html.

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has
extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors
throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of
shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact
any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com