Francisco Partners and KKR (KKR) have expressed interest in acquiring Instructure (INST), Ryan Gould of Bloomberg reports, citing people with knowledge of the matter. Instructure has been working with an adviser as it considers a potential sale, sources told Bloomberg. The deliberations by the buyout firms might not lead to offers, or Instructure could opt to remain public, the people said. Other potential buyers could also emerge, they added. Shares of Instructure closed Wednesday down 32c to $23.44.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INST:
- Instructure Completes the Acquisition of Scribbles, Expanding K-12 Credentialing and Records Management Capabilities on its Learning Platform
- Jefferies confident software M&A rebound will continue after Instructure report
- Thoma Bravo weighs sale of Instructure stake, Reuters reports
- Instructure sees FY24 revenue $656.5M-$666.5M, consensus $661.31M
- Instructure Reports First Quarter 2024 Financial Results
Questions or Comments about the article? Write to editor@tipranks.com