Antitrust NewsWatch: Blackboard's WebCT acquisition faces antitrust snag | TheDeal.com

Tuesday, October 18, 2005

Blackboard's WebCT acquisition faces antitrust snag | TheDeal.com

"Blackboard Inc.'s pending acquisition of rival WebCT Inc. would merge the two largest makers of educational software, leaving a competitive void and potentially sparking antirust concerns. The proposed $180 million cash deal would give the merged company a near monopoly, given Washington-based Blackboard controls roughly 45% to 50% of the U.S. market for software used to conduct college and other school classes, among other functions, over the Internet, while WebCT, of Lynnfield, Mass., holds about 35% to 40%, according to Eduventures Inc. 'Anyway you cut it, you're talking about 65% to 75% of all U.S. institutions,' said Catherine Burdt, an analyst with the Boston educational research firm."
TheDeal.com - Blackboard faces antitrust snag