blackboard buys higher one

Private equity-backed Blackboard Inc. agreed to buy Higher One Holdings Inc. for $260 million in cash, a deal that comes about six months after the education-focused payments technology company began exploring strategic options.

Full Answer

Did blackboard buy higher one holdings?

Jun 30, 2016 · WASHINGTON, June 30, 2016 /PRNewswire/ -- Blackboard Inc., the world's leading education technology company for teaching, learning and student engagement, today announced that an affiliate of the...

What are the forward-looking statements in the blackboard-higher one merger?

Jun 30, 2016 · June 30, 2016 12:02 pm ET Private equity-backed Blackboard Inc. agreed to buy Higher One Holdings Inc. for $260 million in cash, a deal that comes about six months after the education-focused...

What does the blackboard-Cashnet acquisition mean for students?

Blackboard Inc, a portfolio company of Providence Equity Partners, has agreed to buy New Haven, Connecticut-based Higher One Holdings Inc, a provider of online tuition payment solutions. The value of the transaction is about $260 million or $5.15 per share.

What is blackboard?

Aug 04, 2016 · Blackboard Inc., the world's leading education technology company for teaching, learning and student engagement, today announced that an affiliate of the company has successfully completed its...

Who bought higher one?

BlackboardOver the years, Blackboard has acquired several companies, including Higher One and Sequoia Retail Systems, whose services have been rolled into the Transact suite of products. (The Higher One acquisition, which included Cashnet, a billing and payment systems, cost $260 million.)Mar 7, 2019

Does higher one own CASHNet?

(NYSE:ONE) ("Higher One"). The acquisition will allow for collaboration between CASHNet, the market software leader in secure online payment of tuition and fees, and the Blackboard Transact business line. CASHNet provides software that simplifies and automates electronic payments across campus.Jun 30, 2016

Can cash net take you to court?

Short answer is yes, a payday loan company can sue you in court if you default on your debt. In order for them to take you to court, you must be delinquent on your payments and in violation of your loan agreement.

How much does CashNetUSA charge?

The downside, however, is that CashNetUSA loans come with sky-high interest rates ranging from 85.00% APR all the way to 805.28% APR. These high interest rates can make your loan very expensive. If you can't pay off the amount within your six- to 24-month repayment term, it might not be worth borrowing from CashNetUSA.Sep 1, 2021

What is the merger of Blackboard and Higher One?

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of Winchester Acquisition Corp., a newly formed subsidiary of Blackboard Inc.’s ultimate parent company, and Higher One. Winchester Acquisition Corp. will commence a tender offer for all outstanding shares of common stock of Higher One at a price of $5.15 in cash per share of Higher One. Following the consummation of the tender offer, Higher One shares not tendered in the tender offer will be converted in a second-step merger into the right to receive the same $5.15 in cash per share paid in the tender offer. The closing of the tender offer and the second-step merger are subject to customary conditions, including the valid tender of a majority of outstanding shares of common stock of Higher One and receipt of antitrust clearance, and is expected to occur in the third quarter of 2016. There is no financing condition to the consummation of the tender offer or the second-step merger.

Why are Actual Results Different Materially From Current Expectations?

Actual results may differ materially from current expectations because of risks associated with uncertainties as to the timing of the tender offer and the subsequent merger; the possibility that various conditions to the consummation of the tender offer or the merger may not be satisfied or waived; the effects of disruption from ...