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Originally Posted by odamizu
As the OP, I am delighted to see this thread get back to the topic of the future of OverDrive and the ramifications of its sale to KKR. I hope posters will stay on-topic.
I don't have much commentary to offer. Mostly interested in speculation and insight from more knowledgeable folk.
Thank you
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I am glad you want us to stay on topic. Going forward I will respect that, even if I directly get asked an off topic question.
I have noted one thing that is very unusual about Overdrive. Looking at their webpage it still appears as if Rakuten owns it. Does that mean that the sale is not officially finished and pending some paperwork or registration?
ETA: Oops, rereading the announcement it clearly says:
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signing of a definitive agreement to acquire
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So it is not even sure if and when the actual sale is happening and to whom. KKR may end up just being listed as the broker and not new owner?
ETA2: Is being a broker a standard clause for every PE company? Their own website says they can:
https://www.kkr.com/email-disclaimer
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KKR Capital Markets LLC is a broker-dealer registered with the U.S. Securities and Exchange Commission
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