Scribd Acquires Social Reading Start-up Librify
The subscription eBooks service Scribd today announced that it has acquired Librify. Terms of the deal were not disclosed.
The deal is similar to the kinds of small deals Apple and Google make, where the deal is less about getting rid of a big competitor than it is acquiring some technology. In this case, the deal is about adding social sharing features.
"We value Librify's focus on the social reading experience and the great work they've already done within reading communities," Scribd CEO Trip Adler said.