On March 30, the uphill battle education publishers McGraw-Hill and Cengage have been fighting to complete a merger got a little steeper. The U.K.’s Competition and Markets Authority (CMA) ruled that the companies’ proposal to sell off a number of their current holdings was not sufficient to maintain competition. As a result, the CMA did not extend their blessing for the merger to move ahead.
Earlier in March, two members of the U.S. House Antitrust Subcommittee, Chairman David Cicilline of Rhode Island and Commerce Chair Jan Schakowsky of Illinois, wrote a letter to the Justice Department’s Antitrust Division asking for increased scrutiny over the deal.
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