University of Idaho, University of Phoenix terminate acquisition deal

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Key Highlights

University of Idaho and University of Phoenix ended a two-year acquisition deal.

Legal and political hurdles delayed the process, causing missed deadlines.

U of I cited cost and distraction as reasons to terminate the agreement.

A termination fee of $17.24M will be paid, with $5M credited from 2024.

After more than two years to work towards finalizing a deal, two universities have agreed to terminate an acquisition and part ways.

On June 3, University of Idaho and University of Phoenix announced that the schools jointly agreed to end efforts for U of I to acquire UOPX through nonprofit organization Four Three Education.

The talks began in spring of 2023 when U of I saw the acquisition of UOPX as a way to reach more adult learners throu