Proposed merger and the most recent update.

1.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.