Connect with us

Idaho

Idaho State Board of Education to consider extension in U of I-Phoenix negotiations • Idaho Capital Sun

Published

on

Idaho State Board of Education to consider extension in U of I-Phoenix negotiations • Idaho Capital Sun


This story was originally posted on IdahoEdNews.org on June 26, 2024.

The University of Idaho and the University of Phoenix want more time to talk about a deal.

And the State Board of Education will meet Friday morning to discuss an extension — which could immediately net the U of I $5 million.

If the State Board signs on, the parties would have until June 10, 2025, to reach a deal that would move the for-profit online giant under the U of I’s ownership. The State Board first endorsed the $685 million purchase in May 2023. The deal has been mired in political and legal limbo for months. However, the U of I and Phoenix have continued to negotiate past an initial, nonbinding May 31 deadline.

Advertisement

“The extension will allow the (U of I) time to incorporate feedback from legislators and other Idaho stakeholders into the transaction and make amendments based on the feedback,” State Board staff said in a memo released late Wednesday afternoon. “There is no commitment to a closing at this time.”

The extension has been in the works for some time. Idaho Education News reported first on many of the basics in a May 28 article.

The State Board memo spells out the details:

  • Phoenix and its owner, Apollo Global Management, would have a chance to negotiate with other would-be sellers, or pursue an initial public offering.
  • The U of I would immediately receive $5 million for agreeing to an extension.
  • The U of I could also receive additional “breakup” fees if the purchase falls through. If the June 2025 deadline comes and goes without a sale, the U of I would receive another $5 million. If Apollo finds another buyer or pursues an IPO, the breakup fees would total $15 million.

The fees to the U of I are designed to offset the university’s consulting and legal bills. As EdNews has previously reported, the U of I has spent some $11 million on due diligence as it has reviewed a Phoenix purchase; the bulk of those fees went to U of I President C. Scott Green’s former employer, Hogan Lovells, an international law firm.

In their memo, State Board staffers say the U of I remains bullish on a Phoenix purchase. The U of I says its Phoenix business model “remains intact and is growing stronger.” The U of I has maintained it could net $10 million or more in annual revenues from Phoenix operations.

The U of I also maintains that it can navigate some turbulent political waters  — even after the state Senate voted down a bill in March designed to salvage the purchase.

Advertisement

“The parties … are committed to continue working collaboratively with legislators, through the 2025 legislative session if needed, to arrive at transaction acceptable to all.”

The board is scheduled to meet at 8:30 a.m. Friday.

Check Idaho Education News on Friday for coverage of the meeting. And click here for in-depth, exclusive Phoenix coverage from Idaho EdNews.

GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX

Advertisement



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Idaho

U of Idaho murder suspect Bryan Kohberger investigated in 2nd home invasion attack

Published

on

U of Idaho murder suspect Bryan Kohberger investigated in 2nd home invasion attack


Alleged mass-murderer Bryan Kohberger was reportedly investigated in connection with another home invasion attack that occurred not far from where he’s accused of slaying four University of Idaho students in an off-campus home. The 29-year-old suspect was arrested at his parents’ Pennsylvania home in December 2022 after four students were killed in a house where three of them had lived and a …



Source link

Continue Reading

Idaho

Bryan Kohberger investigated over nearby home invasion year before alleged slayings of 4 University of Idaho students

Published

on

Bryan Kohberger investigated over nearby home invasion year before alleged slayings of 4 University of Idaho students


Idaho murder suspect Bryan Kohberger was once investigated in connection to a chilling home invasion that took place mere miles from where he allegedly slaughtered four college students inside their off-campus housing in 2022, according to a new report.

New information about the accused killer comes after ABC News obtained bodycam footage of police responding to a suspected home invasion in nearby Pullman, Wash., in October 2021 — more than a year before the University of Idaho students were stabbed to death.

“I heard my door open and I looked over, and someone was wearing a ski mask and had a knife,” a frightened woman told police.

“I kicked the s–t out of their stomach and screamed super loud, and they like flew back into my closet and then ran out my door and up the stairs.”

Advertisement

The alleged incident — which took place just 10 miles from the gruesome slayings in Moscow, Idaho — happened at 3:30 a.m., the woman told police, adding that the masked intruder was silent the whole time.

Her roommate immediately called the police, the outlet reported, but the case was left unsolved as police were left without a suspect or evidence at the time.

The terrifying incident shared eerie similarities with the gruesome quadruple University of Idaho murders.

Officials said Bryan Kohberger was investigated in connection with a home invasion that took place prior to killing Madison Mogen and Kaylee Goncalves, both 21, their housemate Xana Kernodle, 20, and her boyfriend Ethan Chapin, 20, on Nov. 13, 2022. AP

Kohberger, 29, is accused of butchering students Ethan Chapin, 20, Xana Kernodle, 20, Kaylee Goncalves, 21, and Madison Mogen, 21, around 4 a.m. inside their off-campus house on Nov. 13, 2022.

A surviving housemate later told police she saw a masked man with “bushy eyebrows” fleeing the house after overhearing cries and sounds of a struggle.

Advertisement

Kohberger, a criminology Ph.D. student at Washington State University, was arrested at his parents’ Pennsylvania home on Dec. 30 and charged with four counts of first-degree murder and one count of burglary — charges he has since pleaded not guilty.

Thirteen days later he was named a person of interest in the Pullman case, ABC reported, but is no longer considered a suspect. 

“We have no reason or evidence to believe he was involved in this burglary at this time,” Pullman police told the outlet, citing a height difference between the alleged attackers.

While Kohberger is 6 feet tall, the alleged attacker in the Pullman incident was described as being 5’3′ to 5’5′. The accused stabber was also not yet enrolled at Washington State University at the time of the 2021 incident, the outlet reported.

Kohberger stabbed the four individuals at approximately 4 a.m. in Moscow, Idaho.

The case is now closed but remains unsolved, police said.

Advertisement

“My family and I have been frustrated that the case was not investigated more in-depth or resolved,” the victim in the break-in told the outlet.

Kohberger’s highly anticipated trial is slated to begin in August and last through November.

Kohberger is currently facing four first-degree murder charges and a felony burglary charge in connection with the early morning massacre. REUTERS
The victim expressed their family’s frustration that the case was not investigated more thouroughly. Pullman Police Department

The lengthy trial, which was moved to Idaho’s capital of Boise, will include two phases — one to determine his guilt or innocence, and the other, if he’s found guilty, to determine whether he should receive the death penalty. 



Source link

Advertisement
Continue Reading

Idaho

Bryan Kohberger probed for home invasion year before Idaho student murders

Published

on

Bryan Kohberger probed for home invasion year before Idaho student murders


Bryan Kohberger, the suspect in the Idaho quadruple murder case, was once investigated in connection with a home invasion in Pullman, Washington. This opens many doors for a flock of questions.

Bryan Kohberger, the man accused of fatally stabbing four University of Idaho students, is escorted into court for a hearing in Latah County District Court, Sept. 13, 2023, in Moscow, Idaho. (AP Photo/Ted S. Warren, Pool, File)(AP)

Who is Bryan Kohberger?

Kohberger, a 28-year-old PhD criminology student at Washington State University, was arrested weeks after the Idaho murders at his parents’ home in the Pocono Mountains of Pennsylvania. He now faces four first-degree murder charges and a felony burglary charge. Prosecutors allege Kohberger meticulously planned the attack, stalking the victims’ off-campus rental home prior to the killings.

The Pullman home invasion occurred in October 2021, just 10 miles from Moscow, Idaho, where four college students were brutally stabbed to death in November 2022. Newly released body camera footage cited by ABC News provides a bodycam footage of the break-in that left a young woman traumatized and fearing for her life.

Advertisement

ALSO READ| US cruise giant suspends trips to a Mexican city over rising murder and kidnapping fears

“I heard my door open and I looked over, and someone was wearing a ski mask and had a knife,” the woman told officers in the footage, her voice trembling. “I kicked the s*** out of their stomach and screamed super loud. They flew back into my closet and then ran out my door and up the stairs.”

Kohberger named person of interest in Pullman case after Idaho murders

The alleged attack happened around 3:30 a.m. The masked intruder, who carried a knife, entered her bedroom silently. Despite her quick reaction and her roommate’s immediate call to 911, police found no trace of the suspect or any physical evidence.

Just over a year later, on November 13, 2022, the town of Moscow, Idaho, was shaken by the brutal murders of Madison Mogen, 21; Kaylee Goncalves, 21; Xana Kernodle, 20; and Ethan Chapin, 20. Survivors in the home described a masked man with “bushy eyebrows” fleeing after hearing cries and the sounds of a violent struggle.

Thirteen days after the Idaho murders, Kohberger was named a person of interest in the Pullman case. The eerie similarities between the two incidents—both involving a masked intruder, a knife, and nighttime break-ins—drew immediate attention. However, authorities later clarified that Kohberger is no longer considered a suspect in the Pullman case.

Advertisement

ALSO READ| Haiti gang’s attack on hospital reopening kills two journalists, many wounded

Despite initial suspicions, critical differences between the Pullman and Moscow cases ultimately ruled out Kohberger’s involvement in the earlier incident. The victim of the Pullman break-in described the intruder as 5’3” to 5’5”, while Kohberger stands six feet tall.



Source link

Advertisement
Continue Reading

Trending