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The textbook business maybe becoming too cutthroat, as McGraw-Hill (MHP) agrees to the sale of...

The textbook business maybe becoming too cutthroat, as McGraw-Hill (MHP) agrees to the sale of its education unit to Apollo Global Management (APO) for $2.5B. After closing, McGraw-Hill will be renamed McGraw-Hill Financial. Shares in MHP are currently halted. (PR)
Comments (3)
  • Very smart move. It seems highly unlikely that in 5 years textbooks will be as expensive as they are now, with the same margins for the publishers.

     

    Does this make APO a short?
    26 Nov 2012, 10:24 AM Reply Like
  • Textbook business is nasty right now with Amazon competing heavily against the big 5 publishing houses. I'm taking a graduate level class - my textbook - an iPad loaded with lectures, assignments, etc.
    It was included in the cost of the course.
    26 Nov 2012, 11:35 AM Reply Like
  • You should look at Engineering textbooks - they are outrageous!
    26 Nov 2012, 04:08 PM Reply Like
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