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(Image from article: "Deal Would Unite S&P With DJIA")

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Apollo to buy McGraw-Hill education unit for $2.5 billion

The McGraw-Hill Companies Inc has found a buyer for its textbook business, a unit that once steadied its results against the ups and downs of financial markets faced by its Standard & Poor's rating agency. Private equity firm Apollo Global Management LLC will buy McGraw-Hill's educational publishing unit for $2.5 billion, McGraw-Hill said on Monday.

 

Deal Would Unite S&P With DJIA

Deal Would Unite S&P With DJIA

McGraw-Hill is in advanced talks with CME Group to combine stock-market icons such as the Dow Jones Industrial Average and S&P 500 into a joint venture.

 

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