News Corp, parent company of HarperCollins, paying $200 million for Thomas Nelson



According to a piece in Publishers Weekly, News Corp. is paying $200 million for Thomas Nelson, the parent company of HarperCollins, which was disclosed in its quarterly filing on Friday. In 2006, InterMedia paid $473 million for the publisher, which had sales of $253 million at the time.

The filing reiterated News Corp. still hopes to complete the purchase before the end of the year, following regulatory approval and the completion of other closing procedures.

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