KOTV reports:

…the ORU Board of Regents voted to separate the university from Oral Roberts Ministries.

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…there will be an announcement regarding a multi-million dollar donation from one of the regents to Oral Roberts University.

A number of donations were also announced for the university. Mardel and Hobby Lobby will donate $8 million to the university. Two million dollars will come from another donor. And, Mardel and Hobby Lobby will donate an additional $70 million if the university meets certain requirements.

More details and info on the KOTV site (click the link).

Update: And more.