Rakuten Completes Acquisition Of OverDrive

30,000 libraries?

Panzer was out tootling around in the Catosphere today when he found some breaking news.

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.