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Announced

Completed

News Corp completed the acquisition of the books and media segment of Houghton Mifflin Harcourt for $349m.

Financials

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Transaction Value£254m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.8x
EV/EBITDA13.16x
Share Price Premium-
One Off Charge-

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Acquisition

Private

backlists

United States

Majority

Single Bidder

Publishing

Domestic

Friendly

Completed

Synopsis

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News Corp, a media and information services company, completed the acquisition of the books and media segment of Houghton Mifflin Harcourt, a publisher of textbooks, instructional technology materials, assessments, reference works, and fiction and non-fiction for both young readers and adults, for $349m. “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,” Robert Thomson, News Corp Chief Executive.

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