NWSA - News Corp. wraps $349M acquisition of HMH Books & Media

News Corp. ([[NWS]] -1.7%, [[NWSA]] -1%) has completed its $349M cash acquisition of the Books & Media segment of Houghton Mifflin Harcourt (HMHC -0.5%). As planned, that division will be folded into HarperCollins. It adds a backlist of more than 7,000 titles and a "significant" frontlist in lifestyle and children's segments, as well as a history of strong profitability, News Corp. notes. Well known names in HMH's catalog include George Orwell's 1984 and Animal Farm as well as children's classics Curious George, The Polar Express, Little Blue Truck and The Little Prince. HarperCollins also gets U.S. rights to the works of J.R.R. Tolkien, including The Hobbit and The Lord of the Rings trilogy. “With the addition of the compelling Books & Media backlist and frontlist, as well as its expertise and creativity in digital development, HarperCollins will be even better positioned to serve authors and audiences around the world," says

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News Corp. wraps $349M acquisition of HMH Books & Media