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

|By:, SA News Editor

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)