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McGraw-Hill to merge with rival textbook publisher



McGraw-Hill and Cengage are planning to merge into an agreement that will create the second largest provider of college textbooks and other higher education materials in the country.

The closely-held companies, formally known as McGraw-Hill Education Inc. and Cengage Learning Holdings II Inc., bill the corporation as a rare merger of equals, which would set them up to better compete as the rise of digital Books and course materials push their businesses.

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