Rider University announced Thursday that it had a tentative deal to sell Westminster Choir College to a Chinese company for $40 million, but two lawsuits still stand in the way of the sale.

Rider’s agreement with Kaiwen Education includes Westminster’s 23-acre campus in Princeton and calls for the new owner to continue operating the music school at its current site for 10 years, according to an announcement that the university signed a sales agreement with Kaiwen on Tuesday, and that the parties hope to close the deal by July 2019.

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