Cengage to Buy HM College Division

by Rachel Baker on December 3, 2007

Cengage Learning has entered into an agreement with Houghton Mifflin to buy HM’s college division for $750 million. The deal combines the country second and fourth largest college publishers. According to HM, the deal clears the way to permit the company to focus on its el-hi and trade operations. HM expects to complete the purchase of Harcourt’s el-hi and trade operations soon.
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