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Rider University pushes ahead with $40M sale of music schools

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Rider University trustees have signed a non-binding term sheet with Beijing Kaiwen Education Technology Co. --  operator of K-12 academies in Beijing – for the sale of Rider’s Westminster Choir College, Westminster Conservatory of Music and Westminster Continuing Education.

Rider said the $40 million sale ensures the choir college and its related entities will remain operating in Princeton.

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David Hutter

David Hutter

David Hutter grew up in Darien, Conn., and covers higher education, transportation and manufacturing for NJBIZ. He can be reached at dhutter@njbiz.com.

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