US EditionUniversity of Idaho to End Talks with University of Phoenix
- On Tuesday, June 3, 2025, the University of Idaho announced that it has discontinued negotiations with the University of Phoenix regarding a $685 million acquisition based in Boise, Idaho.
- The two-year courtship faced legal challenges, legislative opposition, and extended deadlines, leading to a joint decision to discontinue the acquisition discussions.
- The University of Idaho sought to expand adult education through Phoenix's technology and workforce partnerships, while Phoenix explored other strategic options aligned with its mission.
- University of Phoenix will pay $17.24 million in breakup fees to cover Idaho’s due diligence costs exceeding $14.2 million, as confirmed by U of I President Scott Green and spokeswoman Jodi Walker.
- The termination allows Idaho to refocus on on-campus goals, while Phoenix will remain an independent institution serving adult learners with an uncertain future path.
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The Columbian+2 Reposted by 2 other sources
University of Idaho, University of Phoenix call off $550 million acquisition
BOISE, Idaho — Two years ago, the University of Idaho shocked students, faculty and alumni when it announced that it planned to create a nonprofit to acquire the University of Phoenix, a for-profit, online school with a checkered past. Read more...
·Vancouver, United States
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