(Reuters) – News Corp (NASDAQ:) is nearing an agreement to purchase the consumer arm of educational publisher Houghton Mifflin (NASDAQ:) Harcourt Co, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
The deal could be announced as early as Monday, the newspaper https://on.wsj.com/3ctZiY9 reported, without mentioning financial terms.
The sale of HMH Books & Media would add a portfolio of high-profile novels from authors such as George Orwell, Philip Roth and J.R.R. Tolkien to News Corp’s HarperCollins Publishers division, the report added.
News Corp and Boston-based Houghton Mifflin did not immediately respond to a Reuters request for a comment.
News Corp said on Thursday that it would acquire Los Angeles-based financial news firm Investor’s Business Daily (IBD) from O’Neil Capital Management Inc for $275 million.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.