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Rakuten Acquires OverDrive For $410 Million To Support Digital Content

  • Rakuten, Thursday, March 19, 2015 3:47 PM

Tokyo Internet –based services company Rakuten said Thursday it has acquired US-based OverDrive, an ebook and audiobook marketplace, for $410 million in cash. The platform lets users search and borrow more than 2.5 million ebooks and audiobooks from more than 30,000 local libraries. The move will allow Rakuten to move into supporting digital content aimed at improving search rankings on engines.

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