Apollo Eyes Education’s Future In $2.5B McGraw-Hill Deal

Law360, New York (November 26, 2012, 7:06 PM EST) -- Apollo Global Management LLC is buying the education business of The McGraw-Hill Cos. Inc. for $2.5 billion, betting that fresh capital and a global growth strategy can turn a lagging competitor into a leader in classroom technology.

The long-awaited deal comes a year after the 125-year-old publisher announced it would split into two branches — one focused on education and one focused on its analytics portfolio, which includes Standard & Poor's credit ratings and research, Platts energy intelligence, J.D. Power & Associates consumer rankings and Capital...
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