Deals
News Corp. Buys Romance Publisher Harlequin for $415 Million
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Rupert Murdoch is doubling down on romance.
News Corp. is buying Harlequin Enterprises, a publisher of novels such as “Destiny’s Last Bachelor?” and “The Heartbreaker Prince,” for C$455 million ($415 million) in cash, according to a statement today. Murdoch is purchasing Harlequin from Canada’s Torstar Corp. and will fold it into News Corp.’s HarperCollins books unit, which already has a romance imprint called Avon Romance.