HarperCollins will pay $200 million to acquire the Christian publisher Thomas Nelson. News Corp., the parent company of HarperCollins, revealed this figure in its quarterly filing on Friday.
As we noted last week, the publisher intends to finalize the deal by the end of 2011.
Publishers Weekly has more details about the sale: “In 2006, InterMedia paid $473 million for the publisher which had sales of $253 million at the time. Nelson’s current revenue is unavailable.”