McGraw Hill Financial to Sell J.D. Power for $1.1 Billion
April 15 2016 - 5:30PM
Dow Jones News
McGraw Hill Financial Inc. has agreed to sell J.D. Power, known
for its ratings on auto makers and other industries, for $1.1
billion to investment firm XIO Group.
In October, McGraw Hill said it would explore alternatives for
J.D. Power. At the time, people familiar with the matter said it
could attract a valuation of around $1 billion.
The deal is slated to close during the third quarter.
McGraw Hill Financial's brands include Standard & Poor's
Ratings Services and Platts.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 15, 2016 17:15 ET (21:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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