We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Cengage Gets Conditional OK To Buy Textbook Unit

Law360 (May 29, 2008, 12:00 AM EDT) -- The U.S. Department of Justice will allow Cengage Learning Inc. to proceed with its proposed $750 million acquisition of a Houghton Mifflin Harcourt Publishing Co. division, provided it sells assets related to textbooks and educational materials, the DOJ said Wednesday.

The DOJ said in a statement that the takeover, as originally proposed, would have eliminated competition between Cengage and Houghton Mifflin's college division, leading to lower quality or higher prices of textbooks and related educational materials.

The government is requiring Cengage to divest itself of all...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.