McGraw Hill Sells J.D. Power Unit to XIO Group for $1.1 Billion

McGraw Hill Financial Inc. sold its market-research business J.D. Power to XIO Group for $1.1 billion.

The sale to the London-based investment firm is expected to close in the third quarter, the owner of Standard & Poor’s said today in a statement.

McGraw Hill, which plans to rename itself S&P Global, announced in October it was exploring the deal as to focus on capital and commodities markets.

Before it's here, it's on the Bloomberg Terminal.