Saturday, May 3, 2014

Torstar sells Harlequin to News Corp. for $455M

Torstar Corp. announced Friday it is selling Harlequin, one of the world’s leading publishers of books for women, to News Corp for $455 million in cash.
Harlequin will become a division of HarperCollins, which is a subsidiary of News Corp.
“Harlequin has been an important part of Torstar over the past 39 years and we are very proud of the global success it has achieved,” said David Holland, President and Chief Executive Officer of Torstar Corp. in a news release.
Torstar acquired control of Harlequin in 1975 and full ownership in 1981.

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