According to the email, Smashwords is being acquired by Draft2Digital. Following the link in the email, Panzer read all the available information about the sale. The sale will be complete on March 1. The Smashwords name/brand will no longer be used. Although the link included in the post isn't clickable, it says there will be an online Q and A tomorrow about the acquisition.
To read the full announcement tootle over to Draft2Digital
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