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

  

On May 4, 2020, McGraw-Hill and Cengage announced that they had agreed not to pursue the
merger (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-merger
Apply your knowledge and understanding of market structures to comment on the proposed
merger and the most recent update.
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