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Stock Market & Financial Investment News

News Breaks
May 2, 2014
07:01 EDTNWS, NWSANews Corp. to acquire Harlequin Enterprises from Torstar for C$455M in cash
News Corp announced that it has agreed to acquire Harlequin Enterprises from Torstar Corporation. Harlequin will become a division of HarperCollins Publishers, a News Corp subsidiary. Harlequin publishes the work of more than 1,300 authors and releases more than 110 titles monthly. The purchase price of the acquisition is C$455M in cash. The acquisition is subject to customary closing conditions, including regulatory approvals and approval of Torstar's Class A shareholders. The closing is anticipated by the end of the third quarter of calendar year 2014. The deal is expected to be accretive to earnings and improve News Corp's free cash flow.
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July 10, 2014
07:32 EDTNWSANews Corp. owned HarperCollins looks to bypass Amazon with new site, FT says
News Corp.'s (NWSA) book publishing unit, HarperCollins, relaunched its U.S. website and is now selling books directly to readers, putting it in competition with one of its largest retailers, Amazon.com (AMZN), reported Financial Times. Reference Link

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