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Cengage, McGraw-Hill Agree to Merge to Become 2nd Biggest US Textbook Publisher

edsurge.com – Wednesday May 1, 2019

Cengage and McGraw-Hill Education plan to join forces in an all-stock merger. The news, first reported by The Wall Street Journal, would create the second-biggest U.S. textbook publisher if the deal is approved, with a combined valuation estimated at $5 billion. Pearson, with a market cap of $8.5 billion, would still be ahead of the pack.

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