KKR Completes OverDrive Purchase - Publishers Weekly

Today, Panzer decided it was time to make a stop at the Publishers Weekly site. With a little digging in the posts our illustrious kitty boy found one about the sale of Overdrive. Panzer told you about the pending sale in December of last year.

What will it mean for libraries and schools?

According to Jim Milliot's post, equity firm KKR's purchase of Overdrive has now completed. The proposed purchase was announced on Christmas Eve 2019. Many were surprised by the sale since owner Rakuten had only owned the company since 2015.  OverDrive provides libraries and schools with ebooks and audio books.

Panzer says, "Inquiring kitties want to know why KKR bought Overdrive."

Note: This is a short post. Bring a cup of tea for today's reading selection.

To read the post tootle over to Overdrive
 To read Panzer's previous post about the purchase tootle over to KKR and Overdrive