Apollo Global to buy McGraw-Hill's education publishing unit for $2.5 billion


McGraw-Hill Companies Inc said it will sell its educational publishing unit to Apollo Global Management LLC for $2.5 billion.

McGraw-Hill expects to record a non-cash impairment charge of about $450 to $550 million in the fourth quarter.

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(Reporting by Sharanya Hrishikesh in Bangalore; Editing by Maju Samuel)