Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
University of Idaho says University of Phoenix affiliation remains pending; sellers may seek alternatives
Summary
President C. Scott Green told lawmakers the agreement to pursue an affiliation with the University of Phoenix was extended to June 10, sellers retain non‑exclusive negotiation rights, and the university received a $5 million deposit with a potential breakup fee up to $20 million.
President C. Scott Green told the Joint Finance‑Appropriations Committee the University of Idaho’s agreement with the sellers of the University of Phoenix remains active but conditional.
Green said the sellers agreed to extend the deadline for concluding a definitive agreement to June 10 and that the contract permits the sellers to continue discussing other offers, including going to public markets. He said the University…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
