Instead of paying a traditional acquisition price, Purdue acquired Kaplan University for a symbolic . However, the real trade was in the long-term contract:

At the time, traditional public universities rarely absorbed massive for-profit entities. The deal, which eventually formed , was designed to completely rewrite the playbook for online adult education.

In 2017, the higher education landscape was completely shocked when announced its plans to acquire the massive, for-profit Kaplan University .

Let's break down how this deal worked, the massive risks involved, and what it meant for the future of higher education. 🤝 The Basics of the Deal