McGraw-Hill sells its education business


[caption id="attachment_117564" align="alignleft" width="150"] The deal could significantly affect the education market, analysts said.[/caption]

Update: In an earlier version of this story, we erroneously reported that McGraw-Hill's education business was being purchased by Apollo Global, which owns the for-profit University of Phoenix. McGraw-Hill's education business is actually being purchased by Apollo Global Management, an unrelated firm. We regret the error.

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