Cengage and McGraw-Hill terminated their $2.6bn merger.

Cengage, an educational content, technology, and services company, and McGraw-Hill, a learning science company, terminated their $2.6bn merger of equals. "Because the required divestitures would have made the merger uneconomical, McGraw-Hill and Cengage have decided to terminate the merger agreement. This will allow each of us to focus on our respective stand-alone strategies for the benefit of our owners, employees, customers and other stakeholders. I want to express my deep appreciation for the efforts and incredible commitment demonstrated by McGraw-Hill's employees over the past year and particularly in recent weeks as they have worked tirelessly to help educators make the transition to online learning," Simon Allen, McGraw-Hill CEO.