TUCSON, Ariz. — 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 Monday that it will buy the assets of Ashford University, which has 35,000 students, and create a new private online university called University of Arizona Global Campus, which will focus on nontraditional students such as older adults, parents and veterans.
“We see this as an important step in expanding the reach of the University of Arizona,” Vice Provost for Global Affairs Brent White said.
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, after regulatory approvals are granted and the deal is finalized, White said.
Zovio will still provide services to the Global Campus under a long-term agreement, the university said.
University administrators have investigated the potential sale since spring to bolster the university’s digital offerings of more than 65 programs. The purchase is expected to help the university serve more underrepresented and nontraditional students and provide additional career paths in a flexible and affordable manner.