The Columbus-based educational publishing unit of McGraw-Hill is close to being acquired by Apollo Global Management LLC, a source told Reuters.
The move comes after minority shareholders pushed for management and restructuring changes that could split the company into McGraw-Hill Financial and McGraw-Hill Education.
The New York City-based company received bids over the summer valued at about $3 billion from Cengage Learning Inc. and Bain Capital LLC, in addition to Apollo, Reuters reported.
McGraw-Hill’s School Education Group, which develops teaching and learning products for K-12 education, consolidated its Central Ohio offices at Polaris this year as part of a cost-cutting move. It had about 1,000 area employees in December last year but hasn’t given an updated employment figure.