- Apollo Global Management LLC is reportedly in talks to buy McGraw-Hill Education, which may be valued at as much as $8 billion.
- Cengage Learning Inc and Bain Capital LLC may have also been in the running to make plays for the company's educational publishing wing.
- McGraw-Hill is currently the second-largest educational publishing company in the world by sales.
From the article:
"... The exact offer price by Apollo could not be learned on Tuesday, but people familiar with the matter said previously that McGraw-Hill Education could be valued at around $3 billion.
McGraw-Hill has sought to fetch more than $3 billion from the sale and could still choose to spin off the unit as initially planned if buyout offers fall short of expectations, the people familiar with the matter said previously. ..."