Original Cengage/McGraw-Hill merger announcement from May 2019. Boston-based Cengage and educational publisher McGraw-Hill have called off their announced merger, citing "the inability to agree to a divestitures package with the U.S. Department of … Michael Spinella is Executive Director of the Textbook & Academic Authors Association (TAA). The Effect of the Failed Cengage/McGraw-Hill Education Merger. The decision to abandon their merger because of the divestitures required by the Department of Justice (DOJ) has left the companies with a more complicated future. From the 2020 update report . If they’re unable to do so, the merger will be referred for an in-depth (Phase 2) investigation. The decision was unanimously approved by the Boards of Directors of McGraw-Hill and Cengage. The Termination Agreement foresees no payment of a break fee on either side. Dec 13, 2020 Publishers Cengage and McGraw-Hill Education have terminated plans to The planned "merger of equals," announced in May 2019, was supposed to Digital courseware may gain popularity in the fall, but if there aren't www.insidehighered.com The decision was unanimously approved by the Boards of Directors of McGraw-Hill and Cengage. May 4, 2020 McGraw-Hill merger dissolution press release. May 4, 2020 Cengage merger dissolution press release. As of 2016, the company has operations in more than 20 countries around the world. About Cengage: Cengage is a large educational content, technology, and services company for the higher education, K-12, professional, and library markets worldwide. McGraw-Hill and Cengage must now address the CMA’s concerns within 5 working days. Terms of reference (24.3.20) Phase 1 Cengage and McGraw-Hill, the No. Cengage and McGraw-Hill cancel merger plans. Cengage said the deal is expected to close by early 2020, at which point the new company is expected to be named McGraw-Hill and will be led by Michael Hansen, currently the CEO of Cengage. Cengage Announces a Termination of Its McGraw-Hill Merger Agreement In News by Porter Anderson May 4, 2020 Leave a Comment The two major educational publishers announced an all-stock merger a year ago, but ran into regulatory issues … 24 March 2020: The CMA has referred the anticipated acquisition by McGraw-Hill Education, Inc of Cengage Learning Holdings II, Inc. for an in-depth investigation. McGraw-Hill and Cengage Jointly Agree to Terminate Planned Merger of Equals New York, NY (May 4, 2020) McGraw-Hill and Cengage today announced that they have mutually agreed to terminate their proposed merger of equals, which had been announced in May 2019. 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