08:11 AM EDT, 07/05/2024 (MT Newswires) -- (Adds company comment in third paragraph)

KKR (KKR) and Francisco Partners have reached the final round of bidding to acquire education software company Instructure ( INST ) and plan to deliver binding offers next week, Reuters reported Wednesday, citing sources familiar with the matter.

The report said it is uncertain whether private equity firm Thoma Bravo, which holds an 83% stake in Instructure ( INST ), will agree to sell, and other potential bidders could also emerge.

Francisco Partners declined to comment.

Instructure ( INST ), KKR and Thoma Bravo did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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