UT System: No Financial Return on MyEdu Investment

In 2011, the University of Texas System Board of Regents approved a $10 million investment in MyEdu, an Austin-based education software start-up. This week, after MyEdu was sold to Blackboard — a large technology company — for an undisclosed amount,  system officials acknowledged that there would be no financial return on the investment.

“Texas taxpayers would like to know where their $10 million equity investment has gone,” Gordon Appleman, a Fort Worth lawyer and prominent University of Texas at Austin alum who has been a vocal critic of the regents, told the Tribune.

When the UT System entered into its agreement with ...

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