Blackboard 8-K 2009
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Item 8.01 Other Events.
On December 14, 2009, Blackboard Inc. and Desire2Learn Incorporated entered an agreement to license each other’s worldwide e-learning patent portfolios and settle all outstanding litigation between them. Under the terms of the Agreement, the companies will dismiss their pending litigation and Blackboard will receive an undisclosed settlement amount and future royalty.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release dated December 15, 2009.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.