{"id":34629,"date":"2012-11-27T13:40:04","date_gmt":"2012-11-27T18:40:04","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=34629"},"modified":"2012-11-27T13:40:04","modified_gmt":"2012-11-27T18:40:04","slug":"mcgraw-hill-to-sell-education-business-to-apollo-for-2-5-billion-gilfuseducationgroup-com","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2012\/11\/27\/mcgraw-hill-to-sell-education-business-to-apollo-for-2-5-billion-gilfuseducationgroup-com\/","title":{"rendered":"McGraw-Hill to sell education business to Apollo for $2.5 billion [gilfuseducationgroup.com]"},"content":{"rendered":"<p><a href=\"http:\/\/www.gilfuseducationgroup.com\/mcgraw-hill-to-sell-education-business-to-apollo-for-2-5-billion\" target=\"_blank\"><strong>McGraw-Hill to sell education business to Apollo for $2.5 billion<\/strong><\/a> &#8212; from gilfuseducationgroup.com<\/p>\n<p><em>Excerpt:<\/em><\/p>\n<p style=\"padding-left: 30px;\"><em>McGraw-Hill\u2019s education print revenues have been rapidly declining while the company has had great difficulties and political infighting about evolving to digital products and services. Essentially the education division needs a \u201cchange of control\u201d to help get its act together. Can a change of control help?<\/em><\/p>\n<p style=\"padding-left: 30px;\">The McGraw-Hill Companies (NYSE: MHP) (\u201cthe Company\u201d) today announced it has signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries, \u201cApollo\u201d), for a purchase price of $2.5 billion, subject to certain closing adjustments.\u00a0 As part of this transaction, McGraw-Hill will receive $250 million in senior unsecured notes issued by the purchaser at an annual interest rate of 8.5%.\u00a0 The transaction, which is expected to close in late 2012 or early 2013, is subject to regulatory approval and customary closing conditions.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>McGraw-Hill to sell education business to Apollo for $2.5 billion &#8212; from gilfuseducationgroup.com Excerpt: McGraw-Hill\u2019s education print revenues have been rapidly declining while the company has had great difficulties and political infighting about evolving to digital products and services. Essentially the education division needs a \u201cchange of control\u201d to help get its act together. Can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[86,140],"tags":[614,640],"class_list":["post-34629","post","type-post","status-publish","format-standard","hentry","category-change","category-publishing","tag-change","tag-publishing"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/34629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=34629"}],"version-history":[{"count":1,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/34629\/revisions"}],"predecessor-version":[{"id":34630,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/34629\/revisions\/34630"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=34629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=34629"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=34629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}