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Rakuten completes acquisition of OverDrive 

Tuesday 28 April 2015 | 14:15 CET | News
Japanese e-commerce group Rakuten completed the acquisition of OverDrive Holdings, the operator of OverDrive, an eBook and audiobook content marketplace and sharing economy pioneer, for a total consideration of USD 410 million in cash. The acquisition of OverDrive adds a digital distribution platform, more than 2.5 million titles, and relationships with 5,000 publishers and 30,000 libraries that will strengthen Rakuten's eBook and digital contents businesses globally. OverDrive achieved EBITDA of USD 25 million in FY2014. With the addition of OverDrive, Rakuten expects the EBITDA of its

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Categories: General
Companies: Rakuten Mobile
Countries: Japan / World
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