In December, Instructure’s leadership announced it had reached a $2 billion buyout agreement with private equity firm Thoma Bravo. The company, however, has failed to gather investor support to approve this measure, according to numerous reports.
Bloomberg first broke the news on February 12, crediting anonymous sources familiar with the proceedings. The shareholder vote to approve the merger had been scheduled for February 13th. On the 13th, Instructure announced it had pushed the vote back to February 14th.
Opposition Coalesces Around Instructure’s Proposed $2 Billion Buyout
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