University of Phoenix ends acquisition negotiations with University of Idaho

The University of Phoenix and the University of Idaho have ceased negotiations regarding a $685 million acquisition deal after two years of attempts. UI President Scott Green described the deal as cost prohibitive and a potential distraction from other institutional priorities. The University of Phoenix confirmed it will continue to operate independently and will reimburse UI $17. 24 million for expenses incurred during the negotiations. Legal challenges, including a lawsuit from Idaho Attorney General Raul Labrador alleging violations of open meetings law, complicated the acquisition process.

The Idaho Legislature also expressed concerns, ultimately blocking the deal. A June 2024 deadline extension did not yield a resolution, prompting both schools to end discussions. The UI aims to attract adult learners through new strategic initiatives as it faces a projected decline in student enrollment known as the “enrollment cliff. ” UI spokeswoman Jodi Walker stated that the school is building on recent successes, including achieving R1 research status and raising over $500 million in fundraising since 2015.