[Michlib-l] OverDrive Sale to KKR Completed

[Jim Flury]

Good Morning, 

The sales transaction of OverDrive from Rakuten to private equity firm KKR [ https://www.kkr.com/businesses/kkr-portfolio?page=Private_Equity | https://www.kkr.com/businesses/kkr-portfolio?page=Private_Equity ] has been completed. As you can see KKR owns an extensive portfolio of companies, among them RB Media [ https://rbmediaglobal.com/ | https://rbmediaglobal.com/ ] With both companies now under the same umbrella as it were it will be interesting to see what if any changes will be forthcoming for one or the other, or both. 

Here are a few articles regarding the completion of the transaction: 

[ https://www.crainscleveland.com/technology/new-chapter-begins-overdrive-part-private-equity-firm-kkr | https://www.crainscleveland.com/technology/new-chapter-begins-overdrive-part-private-equity-firm-kkr ] 
[ https://www.prnewswire.com/news-releases/kkr-completes-acquisition-of-overdrive-301073168.html | https://www.prnewswire.com/news-releases/kkr-completes-acquisition-of-overdrive-301073168.html ] 
[ https://www.publishersweekly.com/pw/by-topic/industry-news/industry-deals/article/83551-kkr-completes-overdrive-purchase.html | https://www.publishersweekly.com/pw/by-topic/industry-news/industry-deals/article/83551-kkr-completes-overdrive-purchase.html ] 

Jim 

Jim Flury 
Technical Services Manager 
The Library Network 
41365 Vincenti Court 
Novi, MI 48375 
248-536-3100, ext 133 
Fax 248-536-3098 
jflury at tln.lib.mi.us 
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