May
02
Murdoch’s News Corp. to Buy Harlequin Books for $415 Million
Posted in: Uncategorized
Rupert Murdoch is doubling down on romance.
News Corp. is buying Harlequin Enterprises, a publisher of such titles as “Destiny’s Last Bachelor” and “The Heartbreaker Prince,” for C$455 million ($415 million) in cash, according to a statement today. Murdoch is purchasing Harlequin from Canada’s Torstar Corp. and will fold it into News Corp.’s HarperCollins publishing unit, which has an imprint called Avon Romance.
Harlequin, founded in 1949, publishes more than 1,300 authors and releases more than 110 titles monthly. With novels issued in 34 languages, the company also gives News Corp. access to an international audience of readers.
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