McGraw Hill Agrees to Buy SNL Financial for $2.23 Billion

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McGraw Hill Financial Inc. agreed to buy SNL Financial, the financial news and data services provider owned by buyout firm New Mountain Capital, for about $2.23 billion to add content on the banking and insurance industries.

SNL joins a roster of subsidiaries that includes Standard & Poor’s Ratings Services, the S&P Dow Jones Indices and Platts, which provides price data and analytics on commodities