Jul
27
McGraw Hill Said to Be in Talks to Buy SNL Financial
ByMcGraw Hill Financial Inc. is in talks to buy SNL Financial, the financial news and data services provider owned by buyout firm New Mountain Capital, according to people familiar with the matter.
A deal valuing Charlottesville, Virginia-based SNL at about $2 billion may be announced Monday, said the people, who asked to not be identified because the matter isn’t public. The deal isn’t final and could still fall through, the people said.
A spokesperson for New Mountain declined to comment, and representatives of SNL and McGraw Hill didn’t immediately return calls seeking comment…