U.S. college education could be pricier with textbook merger

August 1, 2019 | Reuters

The skyrocketing cost of a U.S. college education could get even more expensive if two top college textbook companies combine as planned, especially if they succeed in starving off a scrappy competitor: used textbooks.

The proposed merger of textbook publishers McGraw-Hill Education Inc and Cengage Learning Holdings II Inc, announced in May, would reduce the number of major textbook publishers from four to three. McGraw-Hill is owned by Apollo Global Management LLC (APO.N).

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