Quote:
Originally Posted by stumped
IIRC, overdrive did not begin life as part of Ratuken - they bought it a few years back ?
if that's the case I wonder why they sold it e.g. to take profits, to cut losses....
the 3rd option for selling - that's its no longer a good fit for the rest of their business would seem strange unless they plan to offload Kobo soon?
and did they invent Kobo, or buy it once it was worth buying ?
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Rakuten bought both Kobo and Overdrive, as both were independent companies at one time. Supposedly Rakuten made a net profit of $365 million dollars selling Overdrive. I've got a feeling that KKR went to Rakuten and made an offer, rather than Rakuten putting Overdrive on the market. KKR seems to want to get into the Media business and (from their point of view) it makes sense to consolidate (and enhance profit margins).