October 14, 2019

“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)

Gary Price About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

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