$1.1b

Bloomberg Businessweek (North America) - - Markets/Finance -

The Univer­sity of Phoenix goes pri­vate. The for-profit school’s owner, Apollo Education Group, is be­ing ac­quired by in­vestors in­clud­ing the un­re­lated Apollo Global Man­age­ment and Vis­tria Group. The school has come un­der fed­eral scru­tiny for its mar­ket­ing prac­tices and job place­ment claims, and the price is one-third its mar­ket value a year ago. The school hopes to bol­ster re­sults by ex­pand­ing abroad.

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