skillsoft
February 12th, 2010
SkillSoft, an Irish provider of electronic education services, said on Friday that it agreed to sell itself to a consortium of private equity firms for $1.1 billion in cash. Under the terms of the recommended acquisition, SkillSoft shareholders will receive $10.80 in cash for each SkillSoft ordinary share or American Depositary Share (“ADS”), representing a 26% premium to the average closing price of SkillSoft plc (NASDAQ: SKIL) may seem like an unusual buyout candidate for a private equity group. The company offers on-demand distance-learning over the web or teleconference and performance support solutions for large enterprise