McGraw-Hill will merge with Rival Textbook Publisher

McGraw-Hill and Cengage plan to merge into an agreement that would create the second-largest supplier of textbooks and other higher education materials in the country.

The closely held companies, formerly McGraw-Hill Education Inc. and Cengage Learning Holdings II Inc., view this transaction entirely in shares as a rare merger of equals, which would put them in a stronger competitive position with the company. 39, the rise of digital books. and course materials put pressure on their companies.

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