TORSTAR SAYS IT HAD NOT SOUGHT COMMERCIAL SUITOR FOR HARLEQUIN
May 10th, 2014
CANADA’S Torstar Corp has told the Bookseller that it was not looking to sell its stake in romance novel publisher Harlequin Enterprises Limited, but the offer from Rupert Murdoch’s News Corp was too good to pass up.Torstar spokesman Bob Hepburn said yesterday (Tuesday): “Torstar had not been looking to sell (Harlequin), it has been and remains profitable.” But the proffered deal with News Corp subsidiary HarperCollins Publishers had involved Canadian dollars CAD455 million (USD417 million) offer was too good to pass up, and would – if approved by ...
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