Rakuten Buys Ebook And Audiobook Platform OverDrive For $410M
Rakuten is beefing up its digital content chops after it announced the acquisition of ebook and audiobook marketplace OverDrive for $410 million.
The Japanese e-commerce giant got into the e-reader game when it picked up hardware maker Kobo for $315 million in 2011. It stands to reason then that U.S.-based OverDrive, which was founded way back in 1986 and offers over 2.5 million titles from more than 5,000 publishers today, will be put to work providing greater choice and reading material for Kobo owners.
- Places:
- Asia
- Latin America
- U.S.
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