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Thoma Bravo buys LMS Software Giant Instructure

Thoma Bravo’s $2 billion agreement to acquire Instructure, the ed-tech provider of Canvas learning management systems (LMS), has created a whirlwind amongst the company's most significant shareholders. The deal was announced early last month, and within a week, multiple SEC filings made by private equity firm Rivulet Capital and hedge fund Praesidium Investment Management announced their intent to vote against the proposal...