Back in March our kitty boy reporter told you about Rakuten's planned takeover of Overdrive. According to a post he found at the Publishers' Weekly site, the deal is now completed. Reportedly, Rakuten paid $410 million dollars for Overdrive and it's assets, including access to 30,000 libraries.
Panzer says, "Hmmm. They own Kobo and now Overdrive. My books are on Kobo and I use Overdrive through Smashwords. Let's hope things don't change."
To read the post, tootle over to Rakuten acqures Overdrive.