University of Idaho acquiring University of Phoenix

[Duneranger]

I do worry that it'll be a Purdue Global situation, where the intentions are good but the arrangement with the old owners as service provider causes serious problems.

At least Phoenix has been doing online or night school for decades, better than some of the recs given here

[Jonathan Whatley]

The proposed sale of the University of Phoenix to become an affiliate owned by the University of Idaho has stalled, and the private equity group that owns the University of Phoenix is now considering an initial public offering to make the University of Phoenix a publicly-traded company.

The University of Phoenix was the largest subsidiary of the Apollo Education Group, which was publicly traded from 1994 to 2017. It was taken private in 2017 by a private equity consortium (which included Apollo Global Management; that both companies have "Apollo" in their names is coincidental).

The private equity group could also sell the University of Phoenix to some unspecified other buyer, as the University of Idaho no longer has exclusivity in their sale negotiation.

More: Bloomberg: Phoenix ownership groups are considering an IPO (Kevin Richert, Idaho Education News, March 10, 2025)

[NotJoeBiden]

The proposed sale of the University of Phoenix to become an affiliate owned by the University of Idaho has stalled, and the private equity group that owns the University of Phoenix is now considering an initial public offering to make the University of Phoenix a publicly-traded company.

The University of Phoenix was the largest subsidiary of the Apollo Education Group, which was publicly traded from 1994 to 2017. It was taken private in 2017 by a private equity consortium (which included Apollo Global Management; that both companies have "Apollo" in their names is coincidental).

The private equity group could also sell the University of Phoenix to some unspecified other buyer, as the University of Idaho no longer has exclusivity in their sale negotiation.

More: Bloomberg: Phoenix ownership groups are considering an IPO (Kevin Richert, Idaho Education News, March 10, 2025)

Lol, so they basically said being for-profit didn’t work well, so instead of becoming non-profit, lets double down and become a publicly traded for-profit college focused on maximizing shareholder wealth at the expense of students.

Terrible decision that will ultimately hurt students.

[Jonathan Whatley]

The University of Phoenix and the University of Idaho have broken off talks on a multimillion-dollar purchase plan.

The parties have “jointly agreed to end discussions,” Phoenix said Tuesday morning. The news was not unexpected. But it abruptly ends a controversial two-year courtship between Idaho’s land-grant institution and a for-profit online giant with a national enrollment of more than 80,000. The proposed $685 million purchase left education and business leaders stunned, and left lawmakers feeling blindsided. And on Tuesday, U of I President C. Scott Green conceded the high-stakes process posed a potential distraction for the state’s oldest four-year school.

Phoenix, University of Idaho pull the plug on $685 million purchase (Kevin Richert, Idaho Education News, June 3, 2025)

[ss20ts]

Not sad to see this deal fall apart. I never understood what a land-grant university would want with a for profit university who has numerous controversies over the years. Why would taxpayers want to spend $685 million to buy it?

[bjcheung77]

<puts in a wager to purchase UoPhoenix for $1 and will set it to compete against UoPeople>