Thoma Bravo Ups Instructure Offer

In a revised agreement announced this morning, venture capital company Thoma Bravo has increased its offer to acquire Instructure, from the prior $47.60 per share to a "best and final offer" of $49 per share in cash. A Special Meeting of Instructure Stockholders, previously scheduled for today, has been postponed to Tuesday, Feb. 25, 2020, to give stockholders more time to consider their approval vote.

The Instructure Board of Directors has approved the revised agreement and "recommend that Instructure stockholders vote in favor of the transaction," according to a company statement.

About the Author

Rhea Kelly is editor in chief for Campus Technology, THE Journal, and Spaces4Learning. She can be reached at [email protected].

Featured

  • abstract interconnected AI neural networks merging into a single central hub

    OpenAI to Consolidate AI Models with GPT-5 Launch

    OpenAI has canceled plans to release its o3 model, opting instead for a "simplified" product lineup centered on its upcoming GPT-5 product.

  • DreamBox Math

    Discovery Education Announces Accessibility Enhancements for DreamBox Math

    Discovery Education has updated DreamBox Math, an online math program for K–8 students to supplement core instruction, to improve accessibility for K–5 students, according to a news release. DreamBox Math provides personalized instruction by adapting to individual learners’ responses and providing an engaging, dynamic learning environment.

  • metallic padlock with a glowing keyhole, set on a dark gradient background with a faint digital grid and blue-green highlights

    Microsoft Announces Security Updates

    Microsoft has introduced a handful of new security tools and updates, which the company said adhere to its Secure Future Initiative, a set of three core tenets emphasizing "secure by design, secure by default and secure operations."

  • silhouetted human figures stand opposite a glowing digital brain, surrounded by abstract circuits and shadowy shapes

    Tech Execs Expect AI Advancements to Increase Security Threats

    Forty-one percent of tech executives in a recent international survey said they believe advancements in AI will significantly increase security threats. NetApp's second annual Data Complexity Report points to 2025 as "AI's make or break year."