Arkansas?

"The Arkansas Times revealed Tuesday that a non-profit organization affiliated with the University of Arkansas System has been in talks about acquiring the University of Phoenix, long one of the country’s largest for-profit colleges, from that school’s current private equity owners. A spokesman for the University of Arkansas System acknowledged to the news outlet that discussions 'are ongoing.'"

https://www.republicreport.org/2023/university-of-arkansas-in-talks-to-buy-troubled-for-profit-university-of-phoenix/

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Expect the new owners to be more brutal.

https://arkansasadvocate.com/2023/01/25/executive-order-further-delays-arpa-funds-distribution/

What is interesting about the Arkansas Times article is that they were talking about $500-$700M. Apollo Education (University of Phoenix and some smaller assets) was purchased by Apollo Global Management and Vistria Partners for $1.1 Billion in 2017. So why would UoPX go on the chopping block at such a deep discount?

https://www.thelayoff.com/university-arkansas-fayetteville

https://www.bloomberg.com/news/articles/2021-05-20/apollo-global-management-s-university-of-phoenix-acquisition-four-years-later#xj4y7vzkg

Check out the Arkansas Times article and comments. Sounds like UoPX could be sold for a loss. And folks in Arkansas don't seem very keen about it.

https://arktimes.com/arkansas-blog/2023/01/24/ua-system-affiliated-nonprofit-looking-at-possible-purchase-of-university-of-phoenix

Thread regarding University of Phoenix layoffs

Arkansas?

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