“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)
Filed under: Companies (Publishers/Vendors), Gale, News
About Gary Price
Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.
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