HarperCollins publishers has announced that it has made plans to acquire Christian publisher Thomas Nelson. HarperCollins is the combination of the American company Harper & Row and the British publishing house William Collins, Sons and Co Ltd. The Collins company was originally founded in 1819 in Glasgow, Scotland. Thomas Nelson was founded in 1798 in Edinburgh, Scotland.
With this acquisition, HarperCollins (already owning Zondervan) will control 50 per cent of the Christian publishing market. “We are excited to be joining HarperCollins Publishers,” said Mark Schoenwald, President and CEO of Thomas Nelson. “We believe this transaction represents an attractive strategic fit for our company. With HarperCollins’ resources and capabilities to draw on, we will capitalize on the many opportunities in this rapidly changing world of publishing.”
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