News Formal

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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Educational publishers McGraw-Hill Education Inc and Cengage Learning Holdings I...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »