New Zealand Commerce Commission Releases “Statement of Issues” For Cengage/McGraw-Hill Merger
From the New Zealand Commerce Commission:
The Commerce Commission has published a Statement of Issues relating to an application from Cengage Learning Holdings II, Inc. and McGraw-Hill Education, Inc. seeking clearance to merge their global publishing businesses. In New Zealand both parties supply textbooks and related educational materials.
The Statement of Issues outlines the Commission’s potential competition issues with the acquisition following its initial investigation. A Statement of Issues is not a final decision and does not mean that the Commission intends to decline or clear the acquisition.
The Commission is seeking submissions from Cengage and McGraw-Hill and other interested parties on the issues raised in the Statement of Issues.
Submissions are due no later than close of business Tuesday 18 February 2020, with cross-submissions due no later than close of business Tuesday 24 February 2020.
The Commission is currently scheduled to make a decision on the application by 12 March 2020. However, this date may be extended.
We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
Direct to Statement of Issues Document
10 pages; PDF.
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About Gary Price
Gary Price (email@example.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.