Education Group Urges DOJ To Block Cengage-McGraw Deal
Law360 (August 14, 2019, 6:35 PM EDT) -- The Scholarly Publishing and Academic Resources Coalition became the latest group to urge the U.S. Department of Justice to block the proposed merger between college textbook publishing giants Cengage Learning and McGraw-Hill Education, saying Wednesday it would decrease competition and increase book prices for students.
The proposed merger would violate the Clayton Act by creating a combined company that controls 45 percent of the textbook market, according to SPARC. Additionally, as more textbook data moves online, publishers have access to large amounts of students' data and this merger could result in a new platform monopoly in education, SPARC added.
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