HarperCollins Publishers to acquire Thomas Nelson Inc
IT WAS announced on 31st October that HarperCollins Publishers has
entered into a definitive agreement to acquire America's Thomas Nelson
Inc for an undisclosed sum. The acquisition, which is expected to
close by the end of 2011, is subject to regulatory clearances and
other customary closing conditions. The impact of this impending
acquisition on the world of Christian music and publishing is not yet
clear but with both Zondervan and Thomas Nelson part of the
HarperCollins/News Corp family it is likely that some job losses will
be inevitable.