McGraw-Hill Companies (NYSE: MHP) have announced the agreement to sell BusinessWeek to Bloomberg L.P. The transaction is expected to close in the fourth quarter of 2009. The terms of agreement were not disclosed. The transaction will enable McGraw-Hill Companies to focus on building the size, scale and global presence of its leading brands throughout additional markets in financial services, education and business information.
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About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, business intelligence and education markets through leading brands such as Standard & Poor's, McGraw-Hill Education, Platts, Capital IQ, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion.
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