Acquirer(s)
- Cengage Learning
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
| Document title | Date | |
|---|---|---|
| Market inquiries letter |
Statement of issues
| Document title | Date | |
|---|---|---|
| Statement of Issues |
Timeline
| Date | Event |
|---|---|
ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
|
Closing date for submissions. |
|
ACCC requested further information from the parties |
|
Former provisional date for announcement of findings (21 November) is delayed to allow the parties more time to provide additional information. |
|
ACCC received further information from the parties. |
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ACCC published a Statement of Issues outlining preliminary competition concerns. |
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ACCC requested further information from the parties. |
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Closing date for submissions relating to Statement of Issues. |
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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. |
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ACCC discontinued its public review after Cengage and McGraw-Hill advised that the merger would not be proceeding. |
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