View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
March 19, 2015

Rakuten buys e-book company OverDrive

$410m purchase targeted towards expansion of services in the US.

By CBR Staff Writer

Japanese e-commerce giant Rakuten has agreed to acquire OverDrive for $410m to strengthen its position in the US market.

OverDrive is one of the leading eBook and audiobook content marketplaces in the US, which offers services to schools and US libraries.

Rakuten, which already has eBook and digital contents businesses, expects the deal to help its business expand with OverDrive’s 2.5 million titles, relationships with 5,000 publishers, and 30,000 libraries.

According to Rakuten global eBook business head Takahito Aiki Kobo, a Canadian eBook company Rakuten purchased in 2011 for $315m was "phase 1" of its eBook business, and OverDrive will form "phase 2" of its strategy allowing libraries and schools to rent eBooks.

Aiki added: "OverDrive is a widely-respected pioneer in digital content and the sharing economy. Long before even Kobo emerged onto the global stage, OverDrive had already seen the future and was working with publishers to digitise their content to share with the world, building one of the most comprehensive online digital marketplaces in the process.

"OverDrive’s deep content library and relationships with publishers, libraries, schools, and retailers will allow Rakuten to extend our mission of empowerment to new market segments and accelerate the growth of our digital contents businesses."

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.