(4 May 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. 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. In a…
(14 Jan 2020) Cengage today announced that it will offer an eTextbook option within Cengage Unlimited, giving students access to more than 14,000 ebooks, study tools and more for $69.99 a semester. Available in August 2020, Cengage Unlimited eTextbooks will also include free access to college success and career support, including activities in resume-building, financial literacy and time…
(14 Aug 2019) Today, SPARC (the Scholarly Publishing and Academic Resources Coalition) submitted a detailed filing to the U.S. Department of Justice urging federal antitrust enforcers to block the proposed merger between college textbook publishing giants Cengage and McGraw-Hill Education. The merger would create the largest publisher of college course materials in the United States and the world’s…
(1 May 2019) McGraw-Hill and Cengage today announced that they have entered into a definitive agreement to combine in an all-stock merger on equal terms. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will bring together two premier learning companies that will deliver significant benefits for students, educators, professionals…
(11 Apr 2019) The Association of College and Research Libraries (ACRL) and Gale, a Cengage company, have collaborated to create the ACRL Libraries Transform Toolkit. This free new toolkit provides academic and research libraries with easy-to-use tools and resources to develop effective marketing and outreach strategies to promote their services and impact to students, faculty and administrators.…
Video-based learning app supports English language learning courses (12 February 2018) National Geographic Learning (NGL), a Cengage company, today announced the release of Learn English with TED Talks, an app developed in partnership with TED designed for students enrolled in programs to learn English as a foreign language. The Learn English with TED Talks app…
In order to implement financial restructuring, Cengage Learning and all of its domestic wholly‐owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of New York. Read the letter from the Cengage CEO customers here: http://www.cengage.com/restructuring/pdfs/Information_for_Cengage_Learning_Customers.pdf The Cengage news release on restructuring…
(11 May 2013) Bloomberg reports that Cengage Learning Inc., the educational publisher owned by Apax Partners LLP, is seeking to negotiate with creditors on a restructuring plan and may need to file bankruptcy as part of its turnaround efforts. Read the story here: http://www.bloomberg.com/news/2013-05-10/cengage-ceo-seeking-restructuring-may-file-bankrupy.html
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