McGraw-Hill Education / Cengage Learning Holdings merger inquiry

The CMA is investigating the anticipated acquisition by McGraw-Hill Education, Inc of Cengage Learning Holdings II, Inc.

Statutory timetable

Phase 1 Date Action
10 March 2020 Deadline for phase 1 decision*
14 to 28 January 2020 Invitation to comment
14 January 2020 Launch of merger inquiry

(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.

Phase 1

Invitation to comment: Closes on 28 January 2020

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.


Please send written representations about any competition or public interest to:

Tom Selwyn Sharpe
Competition and Markets Authority
The Cabot
25 Cabot Square
E14 4QZ

Published 14 November 2019
Last updated 14 January 2020 + show all updates
  1. Launch of merger inquiry announced.

  2. First published.