After a local newspaper broke the story based on a leak, the two institutions confirmed they are discussing a potential deal. The University of Arkansas System is considering a transaction in which it would transform the for-profit University of Phoenix into an independent nonprofit affiliate, spokespeople for both institutions have confirmed. The deal, if it came to pass, would be the latest in a series of controversial absorptions of formerly massive for-profit colleges by public universities.
https://www.insidehighered.com/news/2023/01/26/report-u-arkansas-system-may-buy-university-phoenix
