- 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.
For further details see:
Zovio: The Business Model Shift Is Positive, But Risks Are Still Too High