ZVO - Zovio: The Business Model Shift Is Positive But Risks Are Still Too High

• The recently completed acquisition of Ashford University by the University of Arizona marks a milestone for Zovio to become an educational technology service company.
• A strategic long-term service agreement with Zovio was put in place.
• The deal is not without controversy, however, as many faculty members opposed the acquisition highlighting the lack of transparency.
• Next year’s financials should aid investors in understanding the impact of the service agreement on the income statement.
• It is too early to invest in Zovio.

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