McGraw-Hill said Monday that it reached a deal to sell its education arm to private equity firm Apollo Global Management LLC for $2.5 billion in cash and debt, as part of its plan to focus on its financial information businesses.
Source: http://feeds.latimes.com/~r/latimes/news/education/~3/zZxL3kUvOOE/la-fi-mcgraw-hill-apollo-20121126,0,4523227.story
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