Written by: Dan Berrett
Published by: The Chronicle of Higher Education
MBA News Digest Comment: None.
Extracted Content: The University of Arizona announced today that it has reached a deal to acquire Ashford University, a for-profit, online institution, for $1.
The acquisition will result in a new nonprofit entity, called University of Arizona Global Campus, to be affiliated with the University of Arizona but to operate independently under its own board of directors and president, who will be nominated by the university.
The deal will help fulfill Arizona’s land-grant mission by “providing access to a diverse student population,” said Brent White, vice provost for global affairs, and will “expand our reach to a group of students we haven’t reached to date.”