Thursday, February 13, 2020

Instructure Private Equity Deal At Risk

The acquisition of Salt Lake City-based Instructure is reportedly at risk, according to a report from Bloomberg, as a result of lack of support from Instructure shareholders. Thomas Bravo had offered up $47.60 per share to acquire Instructure back in December. It's unclear if Thoma Bravo will up its bid for Instructure, or walk away from the deal. Instructure is a developer of learning management systems, and had gone public in 2015 on the NYSE, and currently trades as INST.