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Tribune News Service
Tribune News Service
Business
Angela Palermo

University of Idaho needed State Board OK to acquire U of Phoenix. See what it decided

The Idaho State Board of Education voted unanimously Thursday to approve the University of Idaho’s plans to buy the University of Phoenix for $550 million — just one day after the deal became public.

The State Board gave its approval at a special meeting with nearly no public input or debate.

U of I plans to purchase the university through a not-for-profit entity it created called NewU.

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