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A Struggling Business School's Long, Strange Saga Gets Another Twist

Thunderbird School of Global Management
Thunderbird School of Global ManagementCourtesy Thunderbird School of Global Management

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.