HarperCollins owner News Corp has completed its $349m (£252m) acquisition of Houghton Mifflin Harcourt's consumer division.
The deal, first announced in March, sees the HMH Books & media business operated by HarperCollins in the US.
HMH Books & Media has a backlist of more than 7,000 titles and a significant frontlist in the lifestyle and children’s segments. Popular HMH Books & Media titles include 1984 and Animal Farm, Curious George, The Polar Express, Little Blue Truck and The Little Prince. The acquisition gives HarperCollins US rights to J R R Tolkien’s works, meaning the publisher now has global English language rights to titles like The Hobbit and The Lord of the Rings trilogy.
Brian Murray, president and c.e.o. of HarperCollins, said: “We are happy to welcome HMH Books & Media employees, authors, and illustrators to the HarperCollins family. Uniting two publishing companies, each with more than 200 years of literary history, will be the focus of our combined teams. We look forward to new and exciting opportunities as we chart a stronger future together.”
“We welcome the talented team at HMH Books & Media to HarperCollins, especially at a time when so many people in so many places are reading and listening to books,” said Robert Thomson, c.e.o. of News Corp. “With the addition of the compelling Books & Media backlist and frontlist, as well as its expertise and creativity in digital development, HarperCollins will be even better positioned to serve authors and audiences around the world.”