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Briefs: Two Bidders Remain For McGraw-Hill Education; Nook Opens in the UK As Promised, Pairs with Asda

October 29, 2012
By Michael Cader

Citing “people familiar with the situation,” the WSJ reported late last week that Apax Partners (which owns a majority stake in Cengage) and Apollo Global Management are “leading contenders” to buy McGraw-Hill Education, both having done “serious due diligence” on the division. Bids on the ongoing auction were due last Thursday though “after McGraw-Hill decides on a preferred bidder, the two sides will have to reach agreement.” That’s all a polite way of confirming that there are only two bidders still interested in the unit, and the offering prices are likely still below what McGraw-Hill said they were looking for. The […]

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Filed Under: ebookstores, eNews, Finance, International News

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