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On May 4 2020 McGrawHill and Cengage announced that they had agreed not to pursue the merger (that was proposed last year in May 2019)

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On May 4, 2020, McGraw-Hill and Cengage announced that they had agreed not to pursue themerger (that was proposed last year, in May 2019). You can read about it below.https://www.bloomberg.com/news/articles/2020-05-04/mcgraw-hill-cengage-jointly-agree-to-terminate-planned-mergerApply your knowledge and understanding of market structures to comment on the proposedmerger and the most recent update.APA1 pagewell cited13/05/20205businessfinance