HarperCollins to Acquire Thomas Nelson | PW:
“In a deal that will unite the country’s two largest religion book publishers, HarperCollins, parent company of Zondervan, has reached an agreement to acquire Thomas Nelson for an undisclosed price. HC expects to close the purchase before the end of the year.
HC CEO Brian Murray said the publisher was attracted to Nelson because of its “great content and great authors.” He sees Nelson as being more broad based than Zondervan, pointing to Nelson lines in such areas as business and leadership. Nelson, he added, “is a leader in the inspirational market and we are always looking for good content.” Nelson has had one of the bestselling books of the year in Heaven Is for Real. The area where the two are in the most direct competition is the Bible category. Nelson and Zondervan are the dominant Bible publishers in the Christian market, and they license or own translations that compete head to head.”