Apollo Buys Australian Online College
December 18, 2013

The Apollo Education Group's global division is buying 70 percent of Open Colleges Australia for $99 million, with additional payments of up to $48 million, the for-profit chain announced Tuesday in a news release. Founded in 1910, Open Colleges offers more than 130 online courses. Company officials hope the Australian institution "provides a platform for Apollo Global to operate and expand in other areas of the region.”

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