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. CR

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