Profit falls at restructuring Wolters Kluwer
Dutch publishing and inform...
Amazon follows Flipkart in India investment
Just a day after Indian e-c...
Lette: women 'written off' by Man Booker judges
Author Kathy Lette has accu...
EC: copyright White Paper delays due to 'great diversity of views'
The European Commission is ...
SAGE to launch video collections
SAGE is launching its first...
McGraw-Hill 'explores education sale'
01.02.12 | Bookseller Staff
McGraw-Hill is exploring a possible sale of its $2.5bn-plus education business, according to a Financial Times report.
Expressions of interest are said to be "at an early stage". The US group declined to comment.
A spin-off of the education division has also been mooted, attracting reported interest from private equity groups. “My sense is [McGraw-Hill] is open to all possibilities,” Peter Appert, a Piper Jaffray analyst, told the FT. “They’re clearly working towards a spin, but if someone came to them with an offer that was appealing . . . and if the tax implications worked, I think they’d be open-minded about it.”