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

Equity Firm Agrees to Buy OverDrive - Publishers Weekly

That turkey sure was good.

After yesterday's big dinner Panzer was planning to spend today resting, but he was shaken awake by shouting coming from the Catosphere. Hopping in the Panzermobile, our brave kitty followed all the noise to the Publishers Weekly site. With no digging at all he found the post causing all the hullabaloo was about OverDrive's sale.

According to the post by Jim Milliot, it was announced on Christmas eve that OverDrive had been sold to equity firm KKR. OverDrive provides libraries with ebooks and audio books. This is the second sale of OverDrive in four years. Rakuten USA bought the company in 2015.

Panzer says, "Hmm ... Christmas Eve? Inquiring kitties want to know if they thought nobody would notice."

Note: This is a medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post tootle over to OverDrive sold