Private equity firm Thoma Bravo initiated steps to potentially sell Instructure, an education software provider valued at $3 billion.The potential sale announcement led to Instracture shares rising 4.5% in afterhours trading Friday.
Thoma Bravo took Instructure private in a $2 billion deal in 2020 and subsequently relisted it through an initial public offering a year later.he initial surge in demand for remote learning tools during the pandemic has waned as competition in the sector increased.
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