Strategic Education, an education services holding company, agreed to acquire the Australia and New Zealand operations of Laureate Education, a university company, for $643m. "We are delighted to welcome Torrens University Australia, Think Education, and Media Design School into the Strategic Education family. By combining our expertise in digital education with Australia’s only investor funded University, we will create a formidable growth platform that will enable us to pursue our mission of enabling economic mobility throughout the Oceania and Asian regions. We are additionally pleased that this transaction will be immediately, and significantly, accretive to Strategic Education earnings," Karl McDonnell, Strategic Education CEO.