Eight years after it bought McGraw-Hill Education for $2.4 billion, Apollo Global Management has reached an agreement to sell the company to another private equity firm, Platinum Equity, for $4.5 billion.
Mergers & Acquisitions
Readerlink has acquired the brand and assets of Dreamtivity from Retail Centric Marketing. A publisher of coloring and activity books plus arts and crafts products, Dreamtivity will become an imprint of Readerlink's Printers Row publishing division.
Ingram Content Group has reached a deal to sell its digital learning platform VitalSource to Francisco Partners.
The drama surrounding Foundry Literary + Media does not look to be ending anytime soon. The acrimonious split of the firm's former co-founders, which saw one principal file suit against the other in January, has now resulted in a legal response.