The University of Arizona has announced that it is acquiring a San Diego-based online college and creating an online university to play into the digital college market.
The Tucson-based university said today it will buy the assets of Ashford University, which has 35,000 students. It will create a new private online university called University of Arizona Global Campus, which will focus on nontraditional students. The University of Arizona has agreed to a long-term deal with Ashford’s operating partner and education technology services company Zovio. Ashford University will be sold for $1, and the transaction is expected to be completed later this year.
