Thunderbird School of Global Management’s quest for an institutional partner to rescue it from financial perdition is nearing its conclusion. Again.
Late last week, the Phoenix-based business school announced a deal with Arizona State University that would make Thunderbird, which has operated independently since 1946, part of the state university system. The two schools have signed a letter of intent and are working to complete the merger by the end of the month, according to a press release. If completed, the deal would end a controversial and often convoluted process that began when cash-strapped Thunderbird announced a proposed partnership, since abandoned, with for-profit educator Laureate Education in March 2013.