OUP confirms 68 redundancies at Nelson Thornes
Oxford University Press (OU...
European Commission seeks education 'complementarity'
The European Commission (EC...
Indies save Polare stores
Only two years after invest...
Wiley buys CrossKnowledge
John Wiley & Sons is to...
Weltbild administrator acts on jobs and management
Only a few days after insol...
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.”