Thursday, March 19, 2015

Rakuten Acquires OverDrive

I need to look into this.
Panzer found an interesting post over at the Publishers' Weekly site today.

In a post by Jim Milliot, our inquisitive kitty reporter learned that OverDrive is being acquired by the Japanese company Rakuten.  The $410 million deal should close in April. According to the post, Steve Potash, founder of OverDrive, will remain with the company, so things should stay the same at OverDrive. Kobo is still a viable company even after Rakuten's acquisition three years ago, so we can hope.

Panzer says, "If you have your books with Smashwords, then you have the option to distribute to OverDrive. Let's hope that doesn't change."

To read the full post, tootle over to OverDrive

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