Two giant textbook publishers, McGraw-Hill and Cengage plan to come together in an agreement that will create the 2nd-largest provider of college textbooks and other higher-education materials in the United States. The merger will be called McGraw-Hill and will be led by Cengage's CEO, Michael Hansen. Previously known as McGraw Hill Education Inc and Cengage Learning II Inc., both the companies are counting the all-stock deal as a rare merger of equals, that will help them in the new evolving market of digital books and online educational content. The decision came as soft sales were observed in both the higher...
McGraw-Hill and Cengage Merge
