Equity Firm Agrees to Buy OverDrive

The private equity firm KKR has signed a definitive agreement to acquire OverDrive in a deal announced on Christmas Eve. KKR bought the leading digital platform that delivers e-books and digital audio to libraries and schools from Rakuten USA, a subsidiary of Japan’s Rakuten Inc. Rakuten bought OverDrive in April 2015 from founder Steve Potash for $410 million.

Source: Equity Firm Agrees to Buy OverDrive

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