"Put simply, given this large (and growing) number of opponents, there is very little chance the merger closes in its current form."
https://www.natlawreview.com/article/uk-begins-phase-ii-probe-cengagemcgraw-hill-merger
4 replies (most recent on top)
The company won’t be sold, it will be liquidated. There are loan payments coming due that the company doesn’t have the liquidity to pay. Unless the investors decide to put money into the company (they won’t) it will go under. The merger was a last ditch effort to clean up the balance sheet.
Who knows. Online learning is going to expand. Investors may give Cengage more time, not less, to see if they can turn things around. They can’t exactly make money trying to break the company up and sell it in pieces right now. All publishers are hurting right now: who would buy the pieces?
But...but I heard that everything was great since all material was online. Oh right, students still dont use it.
Bankruptcy within a year is a guarantee. Buckle in.