News Corp. (NWSA,NWS) is nearing a deal to acquire the consumer arm of educational publisher Houghton Mifflin Harcourt Co., the Wall Street Journal reported citing people familiar with the matter.
The deal could be announced as early as Monday. Terms of the deal couldn't be learned. The deal 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 Journal said.
According to the report, the sale would allow Boston-based Houghton to pay down debt and focus on its digital-first strategy in education.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.