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Announced

KKR-backed OverDrive to acquire RBdigital from RBmedia.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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media platform

Pending

Acquisition

Private

Private Equity

United States

Friendly

Single Bidder

Digital Services

Majority

Synopsis

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KKR-backed OverDrive, a digital reading platform for libraries and schools, agreed to acquire RBdigital, the media platform and app, from RBmedia, a provider of spoken audio content and digital media distribution technology. Financial terms were not disclosed. "Combining the RBdigital library business with OverDrive's industry-leading technologies will greatly benefit libraries and their readers worldwide. We're proud to enhance our value proposition for libraries by delighting readers with this new content on the award-winning Libby and Sora reading apps," Steve Potash, OverDrive Founder and CEO.

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