The Amity University chain filed paperwork in July proposing to buy the New England Institute of Art and the Art Institute of New York, which are now owned by Pittsburgh-based Education Management Corp. Amity had planned to buy the colleges as part of a global expansion.
But Education Management Corp. Officials said today that Amity has withdrawn from the transaction. They would not say why Amity officials did not immediately comment.
State officials in Massachusetts had said they were skeptical of the chain because it has no track record in the US.
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