Whoah I didn’t even know colleges can buy each other out like companies. When was the last time a big name school completely bought another school out? Does anyone know
Both of my examples aren't "buying out", but if you meant "buying out" as merging, then these two are what come to mind.
NYU Tandon is probably the most recent. It has a complicated history, but it basically switched hands between the public CUNY system and NYU several times since the 1970s. They (Polytechnic University (what Tandon was called at the time) and NYU) began preparing for a merger in 2008 and merged completely in 2014, which is pretty recent in the overall timeframe of colleges.
The other most notable one I can think of is the Carnegie Institute merging with the Mellon Institute (which belonged to UPitt) in 1967.
You aren’t going to see a hostile takeover or unsolicited acquisition as in business. They are usually a result of a struggling school - declining enrollment, financial issues - needing a merger for scale.
Whoah I didn’t even know colleges can buy each other out like companies. When was the last time a big name school completely bought another school out? Does anyone know
Both of my examples aren't "buying out", but if you meant "buying out" as merging, then these two are what come to mind.
NYU Tandon is probably the most recent. It has a complicated history, but it basically switched hands between the public CUNY system and NYU several times since the 1970s. They (Polytechnic University (what Tandon was called at the time) and NYU) began preparing for a merger in 2008 and merged completely in 2014, which is pretty recent in the overall timeframe of colleges.
The other most notable one I can think of is the Carnegie Institute merging with the Mellon Institute (which belonged to UPitt) in 1967.
For historical accuracy - Mellon Institute was founded as part of Pitt in 1913 but became an independent research organization in 1928.
You aren’t going to see a hostile takeover or unsolicited acquisition as in business. They are usually a result of a struggling school - declining enrollment, financial issues - needing a merger for scale.