OverDrive’s digital distribution platform lets users borrow more than 2.5 million ebooks and audiobooks from over 30,000 local libraries. The move will likely help Rakuten’s ebook business expand; it acquired Kobo, an ebook reader manufacturer, back in 2011.
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With its latest acquisition, the company will be able to leverage OverDrive’s relationships with 5,000 publishers to deliver digital content across the globe.
➤ Rakuten to Acquire OverDrive for $410 Million [Rakuten Press Releases]