Houghton Mifflin to buy Harcourt US

17 July 2007 Books+Publishing

The US schools publishing businesses of Harcourt have been sold to competitor Houghton Mifflin Riverdeep for US$4 billion (A$4.4 billion). The purchase concludes the sale by Reed Elsevier of Harcourt Education, following the sale of Harcourt Education’s international divisions to Pearson--although Reed Elsevier will retain a small shareholding in Harcourt US as part...