McGraw-Hill Education (MHE) is being purchased by Apollo Global Management. This is not the same company as Apollo Group, the owner of the University of Phoenix. The purchase price was $2.5 billion dollars, more or less. Phil Hill comments, "Despite the usual press releases touting great opportunities, this was a distress sale." McGraw-Hill has already announced it wanted out of the education business.
Today: 5 Total: 87 [Direct link] [Share]
