McGraw-Hill sells Vista Research

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New York—McGraw-Hill Cos. announced the sale of its Vista Research unit to Guidepoint Global, a provider of primary research to investors. Financial terms of the deal were not disclosed.

“The divestiture of Vista Research advances our business portfolio management strategy of directing resources to businesses where we have the best opportunities for achieving significant financial growth, higher margins and market leadership,” Harold McGraw III, McGraw-Hill’s chairman and president-CEO, said in a statement.

The acquisition adds to Guidepoint’s network of industry experts who provide research services to investors and business decision-makers. McGraw-Hill said it would take a pretax loss on the Vista Research sale of $13.8 million.

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