Target(s)
- McGraw-Hill Education.
Summary
The parties are both active in education publishing and the transaction involves the combination of Cengage's and McGraw-Hill's global publishing businesses.
Market inquiries
Statement of issues
Timeline
Date | Event |
---|---|
02/09/2019 | ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
17/09/2019 | Closing date for submissions. |
04/10/2019 | ACCC requested further information from the parties |
15/10/2019 | Former provisional date for announcement of findings (21 November) is delayed to allow the parties more time to provide additional information. |
28/10/2019 | ACCC received further information from the parties. |
12/12/2019 | ACCC published a Statement of Issues outlining preliminary competition concerns. |
23/12/2019 | ACCC requested further information from the parties. |
20/01/2020 | Closing date for submissions relating to Statement of Issues. |
06/02/2020 | ACCC is awaiting information from the parties. Former provisional date for announcement of ACCC’s findings (12 March 2020) is delayed. ACCC will announce a proposed decision date in due course. |
05/05/2020 | ACCC discontinued its public review after Cengage and McGraw-Hill advised that the merger would not be proceeding. |