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News Corp to Acquire Houghton Mifflin Harcourt’s Consumer Division for $349 million in Cash

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Todd Spangler NY Digital EditorNews Corp clinched a deal to acquire Houghton Mifflin Harcourt’s books and media segment for $349 million in cash, planning to combine the publisher with its HarperCollins Publishers subsidiary.The Rupert Murdoch-controlled company said it expects the deal to close in the second quarter of calendar 2021, subject to to customary closing conditions, including regulatory approvals.The HMH Books & Media backlist of more than 7,000 titles include “The Lord of the Rings” trilogy and other titles by J.R.R.

Tolkien; “1984” and “Animal Farm” by George Orwell; and “All the King’s Men” by Robert Penn Warren. HarperCollins currently has rights to Tolkien’s works in the British Commonwealth.

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