McGraw-Hill Education / Cengage Learning Holdings merger inquiry
The CMA investigated the anticipated acquisition by McGraw-Hill Education, Inc of Cengage Learning Holdings II, Inc.
Phase 2
Administrative timetable
Date of referral: 24.3.20
Statutory deadline: 28.9.20
- (27.4.20)
Merger reference cancelled
5 May 2020: The CMA has cancelled its merger inquiry into the anticipated acquisition by McGraw-Hill Education, Inc of Cengage Learning Holdings II, Inc.
- (7.5.20)
- News story: Publishing merger abandoned after CMA investigation (4.5.20)
Notices
- (27.4.20)
Inquiry group appointed
14 April 2020: The CMA has appointed the inquiry group.
Stuart McIntosh (Chair), Maria da Cunha, Robin Foster and Karthik Subramanya.
Terms of reference
24 March 2020: The CMA has referred the anticipated acquisition by McGraw-Hill Education, Inc of Cengage Learning Holdings II, Inc. for an in-depth investigation.
- (24.3.20)
Phase 1
Statutory timetable
| Phase 1 Date | Action |
|---|---|
| 10 March 2020 | Decision announced |
| 14 to 28 January 2020 | Invitation to comment |
| 14 January 2020 | Launch of merger inquiry |
Reference decision
24 March 2020: The CMA has referred the anticipated acquisition by McGraw-Hill Education, Inc of Cengage Learning Holdings II, Inc. for an in-depth investigation.
- (30.3.20)
Reference unless undertakings accepted
10 March 2020: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.
- (24.4.20)
- (10.3.20)
- News story: Educational publishing merger raises competition (10.3.20)
Invitation to comment: now closed
The CMA is considering whether it is or may be the case that this transaction if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
These comments should be provided by the deadline set out above.
Launch of merger inquiry
14 January 2020: The CMA announced the launch of its merger inquiry by notice to the parties.
- (14.1.20)
Contact
Please send written representations about any competition or public interest to: general.enquiries@cma.gov.uk
Updates to this page
Published 14 November 2019Last updated 7 May 2020 + show all updates
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Notice of cancellation of merger reference published.
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Merger abandoned.
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Notice of extension and administrative timetable published.
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Full text decision published.
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Inquiry group appointed.
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Full text of the decision to refer published.
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Decision to refer and terms of reference published.
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Launch of merger inquiry announced.
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First published.