Apax Partners and Apollo Global Management (APO) are the frontrunners in the race for...

|About: Apollo Global Management,... (APO)|By:, SA News Editor

Apax Partners and Apollo Global Management (APO) are the frontrunners in the race for McGraw-Hill's (MHP) Education unit, the WSJ reports, with a deadline for bids closing yesterday. McGraw-Hill could still decide to spin off the subsidiary, which previous reports said could be worth $3B, and is due to make a decision by the year-end.