News Corp. is about to get a lot steamier. The company is buying Harlequin, the romance novel publisher owned by Torstar Corporation. News Corp. will then place Harlequin under the Harper Collins umbrella. The deal is expected to be for about $415 million in cash.
Harlequin’s titles are hilarious — Take Me Now, From Single Mom to Secret Heiress, A Cowboy’s Temptation and His Kind of Trouble are just a few of our favorites — but it’s a serious business.
Harlequin has published six billion books since it was founded in the late 40s and currently cranks out more than 110 titles per month. Those books are sold in 34 languages and on six continents. Of course Harlequin also has ebooks, apps and other digital products.
Robert Thomson, News Corp’s CEO, described Harlequin as “a perfect fit.”