By: Ian Austen | New York Times
OTTAWA — The News Corporation said on Friday that it would acquire Harlequin Enterprises, the publisher of bodice-ripper romance novels, for 454 million Canadian dollars, or $413 million, in cash from Torstar, the publisher of
The Toronto Star.
“Harlequin is a perfect fit for the new News Corp., vastly expanding our digital platform, extending our reach across borders and languages, and is expected to provide an immediate lift to earnings,” Robert Thomson, chief executive of the News Corporation, said in a news release.
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