Blackboard Inc. … announced that the company has completed the sale of its Blackboard Transact business unit (“Transact”) to Reverence Capital Partners, LP (“Reverence”). The completion of the transaction will allow Blackboard to remain focused on and continue to deliver market-leading innovation in...

Online payment and e-commerce platform, Paytm has made a strategic investment in the resultant joint entity of hyper local deals discovery platforms Nearbuy and Little Internet by infusing fresh funds of over Rs 162 crores ($25m) and acquiring a majority stake of 51%, reported The Economic Times and Mint. The merged entity expected to be valued over $100m and hold a market share of 88%, is said to have been arranged by Paytm as a strategic move to provide their merchant partners an opportunity to offer deals to acquire new customers and grow their business.