OverDrive Acquires RBdigital Library Business from RBmedia
June 23, 2020
OverDrive, the KKR-owned digital reading platform based in Cleveland, acquired the assets of RBmedia’s RBdigital library business across North America, the United Kingdom and Australia. The deal transfers RBdigital’s library platform to OverDrive to expand its catalog and features for libraries—bringing additional audiobooks and potential magazine content—while RBmedia retains its publishing businesses.
- Buyers
- OverDrive
- Targets
- RBdigital (RBmedia's library business)
- Sellers
- RBmedia
- Industry
- Media & Entertainment
- Location
- Maryland, United States
- Transaction Type
- Divestiture
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