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Houghton Mifflin Harcourt Company

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HMHC

US44157R1095

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Houghton Mifflin Harcourt : News Corp nears agreement to buy Houghton Mifflin Harcourt's consumer-publishing arm - WSJ

March 28, 2021 at 07:33 pm EDT

(Reuters) - News Corp is nearing an agreement to purchase the consumer arm of educational publisher Houghton Mifflin Harcourt Co, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

The deal could be announced as early as Monday, the newspaper https://on.wsj.com/3ctZiY9 reported, without mentioning financial terms.

The sale of HMH Books & Media would add a portfolio of high-profile novels from authors such as George Orwell, Philip Roth and J.R.R. Tolkien to News Corp's HarperCollins Publishers division, the report added.

News Corp and Boston-based Houghton Mifflin did not immediately respond to a Reuters request for a comment.

News Corp said on Thursday that it would acquire Los Angeles-based financial news firm Investor's Business Daily (IBD) from O'Neil Capital Management Inc for $275 million.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Peter Cooney)

Stocks mentioned in the article

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	NEWS CORPORATION	24.03 USD	-0.50%	-3.57%	13.86B

Latest news about Houghton Mifflin Harcourt Company

Houghton Mifflin Harcourt Company acquired Writable, Inc.	Feb. 27	CI
HMH Launches Immersive and Dynamic Learning Experience with HMH Classcraft	Feb. 21	CI
HMH Introduces Math 180 Flex and Read 180 Flex to Provide Adaptable Intervention Support Within the Core Classroom for Back-To-School	23-09-19	CI
Houghton Mifflin Harcourt Announces New OpenAI-Powered Integrations Within Writable	23-08-21	CI
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Houghton Mifflin Harcourt Company acquired Classcraft Studios Inc.	23-05-10	CI
Chris Minnich Joins HMH as President of New NWEA Division	23-05-01	CI
Houghton Mifflin Harcourt Company completed the acquisition of Northwest Evaluation Association.	23-04-30	CI
Houghton Mifflin Harcourt and Pocketlab Partner to Offer Cloud-Based Interactive Lab Experience to K-8 Science Classrooms in Texas	23-02-27	CI
Houghton Mifflin Harcourt Company entered into a definitive agreement to acquire Northwest Evaluation Association.	23-01-09	CI
Houghton Mifflin Harcourt Company Introduces Connected Foundational Skills Solution Combining Explicit Phonics Instruction and 1:1 AI-Driven Tutoring	22-08-04	CI
Social Buzz: Wallstreetbets Stocks Largely Up Premarket; Houghton Mifflin, Tesla Draw Attention	22-04-08	MT
Social Buzz: Wallstreetbets Stocks Trading Lower Midday; Houghton Mifflin, GameStop in Focus	22-04-07	MT
Houghton Mifflin Harcourt Successfully Completes Sale to Veritas Capital	22-04-07	CI
Houghton Mifflin Harcourt Successfully Completes Sale to Veritas Capital	22-04-07	CI
Social Buzz: Wallstreetbets Stocks Largely Up Premarket; Tesla, Twitter Poised to Rise, Tilray to Fall	22-04-07	MT
Houghton Mifflin Harcourt Company(NasdaqGS:HMHC) dropped from NASDAQ Composite Index	22-04-07	CI
Houghton Mifflin Harcourt Company(NasdaqGS:HMHC) dropped from S&P TMI Index	22-04-07	CI
Houghton Mifflin Harcourt Company(NasdaqGS:HMHC) dropped from S&P Global BMI Index	22-04-07	CI
Social Buzz: Wallstreetbets Stocks Largely Down Premarket; GameStop, Twitter Poised to Fall, Tilray to Advance	22-04-06	MT
Veritas Capital Fund VII, L.P., managed by Veritas Capital Fund Management, L.L.C completed the acquisition of Houghton Mifflin Harcourt Company from Engine Capital, L.P., a fund managed by Engine Investments, LLC, and others.	22-04-05	CI
Social Buzz: Wallstreetbets Stocks Largely Up Premarket; GameStop, Alibaba Poised to Rise	22-04-04	MT
Houghton Mifflin Harcourt Shareholder Details Objection to Deal With Veritas Capital	22-03-22	MT
Engine Capital Opposes Veritas Tender Offer at Houghton Mifflin Harcourt	22-03-22	CI
Citigroup Adjusts Price Target on Houghton Mifflin Harcourt to $21 From $17.50, Maintains Neutral Rating	22-03-16	MT

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Houghton Mifflin Harcourt Company is a learning technology company. The Company provides 12th grade (K-12) core curriculum, supplemental and intervention solutions and professional learning services. The Company specialize in core curriculum, supplemental and intervention solutions, and it provides ongoing support in professional learning and coaching for educators and administrators. The Company builds partnerships with school districts and leverage the scope of its offerings to provide holistic solutions at scale with the support of its far-reaching sales force and talented field-based specialists and consultants. Its curriculum offerings include education programs in disciplines, including Reading, Literature, Mathematics, Science and Social Studies. It provides print, digital, and blended print/digital solutions. It serves more than 50 million students and three million educators in approximately 150 countries.

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