Acquisitions · E-books and digital content
Rakuten to buy e-book distributor OverDrive for $410 million
- Buyer
- Rakuten (Tokyo)
- Target
- OverDrive, Cleveland, Ohio
- Value
- $410M in cash
- Status
- Announced on March 19, 2015; closing was expected in April 2015.
- Date
- 2015-03-19
Rakuten agreed to buy OverDrive, a Cleveland company that distributes e-books and other digital content, for $410 million in cash. OverDrive was to become a subsidiary of Rakuten USA.
Why it matters
The deal added a US digital content distribution business to Rakuten's growing e-book and digital content operations.
Sources
Kakehashi M&A News home
