November 17, 2017

Kobo Launches E-reader Integrated with OverDrive

Kobo on September 30 will launch the Aura ONE, a dedicated e-reader that promises seamless searching and one-click downloading of library ebooks via OverDrive. Using a review unit provided by Kobo and a personal New York Public Library (NYPL) account, LJ explored the process.

Kobo Parent Acquires OverDrive

Leading library ebook distributor OverDrive was sold to Rakuten on March 19 for $410 million cash, more than 16 times OverDrive’s annual earnings of $25 million. The purchase from private equity firm Insight Venture Partners, OverDrive’s majority owner since 2010, is scheduled to close in April. OverDrive will become a subsidiary of Rakuten USA, the U.S. arm of Japanese e-commerce company Rakuten. CEO Steve Potash will continue to lead OverDrive, and its headquarters will remain in Cleveland, OH.