U.S. education groups McGraw-Hill, Cengage plan all-stock merger

FILE PHOTO - Students study in the Reading Room at Suzzallo Library on the University of Washington campus in Seattle, Washington, U.S., September 20, 2018. REUTERS/Lindsey Wasson

The merged company will be named McGraw Hill and will hold about $3.16 billion in annual revenue, both companies had earlier told the Wall Street Journal, which first reported the deal. Cengage Learning Chief Executive Officer Michael Hansen will head the new firm, McGraw-Hill confirmed.

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McGraw-Hill, Cengage Plan All-Stock MergerMcGraw-Hill and Cengage plan to merge in a deal that would create the second-largest provider of college textbooks and other higher-education materials in the country. anybody figured out college text books are a scam yet? Dear TheJusticeDept, THIS is what anti-trust law was designed for. Stop this merger! why not use tablets for textbooks?
Source: WSJ - 🏆 98. / 63 Read more »