Magazine article The Times Higher Education Supplement : THE

Ashridge and Hult Schools Ponder Merger

Magazine article The Times Higher Education Supplement : THE

Ashridge and Hult Schools Ponder Merger

Article excerpt

Ashridge Business School, one of just seven UK private providers with degree-awarding powers, has announced a potential merger with US business school Hult.

The link with non-profit Hult International Business School could in effect allow the US institution, which has a London campus, to use Ashridge's degree-awarding powers.

Ashridge said in a statement that the two organisations "will be collaborating closely" in the short term, while "in the longer term, the aim is to merge the top management across the two organisations".

Hult is reported to be making a £50 million investment as part of the deal. However, the statement said that under the "strategic alliance, Ashridge and Hult will remain for the foreseeable future as separate entities, with their own brands, programmes and management".

Big, for-profit firms such as Pearson, Kaplan and Laureate are known to be interested in acquiring control of UK degree-awarding powers. A number of these are thought to have already shown an interest in Ashridge. An Ashridge spokesman said that there had been "discussions with a number of potential partners. …

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