[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.

In a surprise $2.5 billion cash and debt deal expected to be final by the early part of 2013, a private equity firm will purchase McGraw-Hill Education's digital and traditional textbook business.


Subscribe to Read More

Are You an Educator?

Get Free online access to all our news and resources