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HarperCollins completes acquisition of Harlequin

HarperCollins’ parent company News Corp has completed its acquisition of Harlequin from Torstar Corporation for C$455 million (A$447 million), reports Publishers Weekly. As previously reported by Books+Publishing, the acquisition was announced in early May 2014, but still required approval from the US and Canadian governments. Harlequin, which is based in Toronto, will now operate as a standalone subsidiary of HarperCollins, and Harlequin CEO and publisher Craig Swinwood will report to HarperCollins CEO Brian Murray. Robert Thomson, chief executive of News Corp, said: ‘We are pleased to formally welcome Harlequin and its employees to the new News. The addition of such an iconic brand with a loyal audience, robust global expertise and digital depth is a proud and purposeful moment for our company.’



Category: International news