Blackboard Inc. Announces Extension of Deadline to Tender 3.250% Convertible Senior Notes Due 2027 for Exercise of Repurchase Option

Blackboard Inc. BBBB today announced that it is notifying holders of its 3.250% Convertible Senior Notes due 2027 that the deadline for holders to tender their Notes in connection with the exercise of their repurchase option has been extended from 11:59 p.m., New York City time, on June 24, 2011, to 5:00 p.m., New York City time, on June 29, 2011. The other terms and conditions of the repurchase offer remain unchanged, including the deadline for withdrawals of tenders, the repurchase price and the date for payment of the repurchase price.