McGraw-Hill Unloads Education Business for $2.5 Billion

McGraw Hill said today that it would sell its once-core textbook publishing business for $2.5 billion as it  focuses on growing through its Standard & Poors ratings division. The company says it entered into an agreement with Apollo Global management, and expects the deal to close in late 2012 or early 2013 (release below). The division booked $2.3 billion in revenues last year, according to ...