Phil Hill Profile picture
Ed tech consultant, blogger, family man
Apr 25, 2023 9 tweets 2 min read
University of Arkansas board votes 5-4 against the acquisition / affiliation with the University of Phoenix

washingtonpost.com/education/2023… The vote is symbolic, or non-binding, as the UA president can move forward even without the board's support.
Sep 13, 2021 11 tweets 3 min read
The huge news of the week: Blackboard and Anthology are merging (I suspect Anthology is acquiring Bb in reality):
Yep. Chairman of CEO of Anthology will lead combined company, with same primary investors (Veritas and Leeds), w Providence (owner of Bb) taking minority stake.
May 14, 2020 16 tweets 3 min read
California's May budget revise is out; one of the first signs of how states might deal with COVID-changed finances. Here is summary:
ebudget.ca.gov/FullBudgetSumm… p. 48: "... the number of students seeking to enroll at UC, CSU, and CCC campuses is expected to grow in the coming years. CCCs, in particular, will likely see notable increases because their enrollment tends to rise when economic challenges emerge. "
Dec 23, 2019 12 tweets 3 min read
1/ Instructure ($INST)'s preliminary proxy statement is out, which is doc describing upcoming shareholder vote on whether to accept the Thoma Bravo acquisition. sec.gov/Archives/edgar… #LMS #Canvas #edtech 2/ Doc has a lot of new details, including total price of deal (adding in stock options, etc): $1.959 billion
Jul 30, 2019 10 tweets 2 min read
July 30, 2019 - the day the OPM market changed. 30 minutes into 2U ($TWOU) earnings call, stock down 25% in after hours trading. 2U is moving from primarily rev-share grad program OPM business into diversified business including full-university deals, fee-for-service, 1/ corporate learning / skills, short courses (non-degree). Yes, they started most of these before, but now business is redefined around full suite. Major changes to expectations on grad program OPM business. 2/
May 1, 2019 11 tweets 2 min read
1\ Pretty big news about planned merger between McGraw-Hill Education and Cengage Learning, sounding like all-stock (no cash) transaction between roughly equal partners wsj.com/articles/mcgra… 2\ While news calls out the private equity angle (both PE owned) and associated cost savings (estimated $300m over 3 years) due to combination, and while they mention the size of combined company (est. $3.1b revenue w $5b market value) to compete w Pearson ($5.4b / $8.5b)...