Rider Plans to Sell Westminster to Chinese Company

Rider University (NJ)  intends to sell Westminster Choir College (NJ)  to a Chinese company that owns K-12 schools in Beijing -- an unusual move that would keep Westminster on its campus in Princeton, N.J., but also confirms faculty fears that the buyer is a foreign for-profit entity. Beijing Kaiwen Education Technology Co. and Rider have finalized a nonbinding term sheet, the university said today. The sale would transfer Westminster Choir College, Westminster Conservatory of Music and Westminster Continuing Education to a company based in China that owns two K-12 international schools in Beijing called the Kaiwen Academies.