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Torstar Corporation

News Corp. closes $416-million deal for romance publisher Harlequin

News Corp. closes $416-million deal for romance publisher Harlequin

Rupert Murdoch's publishing company, News Corp., has completed its $416-million purchase of Harlequin Enterprises from Torstar Corp. of Canada.

Harlequin, the world-famous publisher of romance novels, will operate as a separate unit within HarperCollins Publishers and remain headquartered in Toronto.

News Corp. in May announced that it was acquiring Harlequin. It was attracted to Harlequin, in part, because it reaches an audience of voracious readers. Harlequin also has a growing business of digital book sales.

Harlequin was an intriguing catch with international mystique.

The romance publisher has a large overseas presence: Its books are translated into as many as...

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