You have /5 articles left.
Sign up for a free account or log in.

Apollo Education Group Inc. announced Friday that its shareholders have approved a deal for the company to be purchased by a consortium of investors, including the Vistria Group, funds affiliated with Apollo Global Management and the Najafi Companies. Apollo, as the owner of the University of Phoenix, is a major player in for-profit higher education. Earlier this week, Apollo announced that the revised offer from the investors was worth $1.14 billion. The sale remains subject to review by the U.S. Education Department, the Higher Learning Commission (Phoenix's accreditor) and various other state and specialized accreditation bodies.

Next Story

Written By

More from Quick Takes