Unaudited Pro Forma Financial InformationUnaudited Pro Forma Financial Information • November 6th, 2009 • Blackboard Inc • Services-prepackaged software
On May 1, 2009, Blackboard Inc. (“Blackboard” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Football Merger Sub Inc., an Indiana corporation and a wholly owned subsidiary of the Company (“Merger Sub”), ANGEL Learning, Inc., an Indiana corporation (“ANGEL”) and Christopher D. Clapp, in his capacity as the Shareholder Representative appointed pursuant to the Merger Agreement. On May 8, 2009, pursuant to the terms of the Merger Agreement, Merger Sub was merged with and into ANGEL, with ANGEL continuing as the surviving corporation and a wholly-owned subsidiary of the Company (the “Merger”).
