“McGraw-Hill Education, Cengage Plan All-Stock Merger: WSJ”

UPDATE 2: Statement On Cengage-McGraw-Hill Merger Announcement (via US PIRG)

UPDATE: Here’s the Official Merger Announcement and a Video Message from the CEO’s

From Reuters:

Educational publishers McGraw-Hill Education Inc and Cengage Learning Holdings II Inc are planning an all-stock merger, the Wall Street Journal reported on Wednesday.

The merged company will be titled McGraw Hill and will hold about $3.16 billion in annual revenue, both companies told the newspaper on Tuesday, adding that Cengage Learning Chief Executive Officer Michael Hansen will head the new firm.

Read the Complete Article

See Also: McGraw-Hill, Cengage Plan All-Stock Merger (via WSJ, Subs Only)