Apollo Global (APO) and P-E firm Apax Partners are the frontrunners to acquire McGraw-Hill's...

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

Apollo Global (APO) and P-E firm Apax Partners are the frontrunners to acquire McGraw-Hill's (MHP) education publishing business, sources tell the WSJ. The firms are said to have done "serious financial diligence" on the business. McGraw-Hill will choose a preferred bidder (an auction ended on Thursday), after which it will have to hammer out a deal. (previous)