Announced
Completed
Financials
Tags
United States
Private Equity
Private
streaming platform
Acquisition
Domestic
Friendly
Single Bidder
Majority
Entertainment
Completed
Synopsis
KKR-backed OverDrive, a digital reading platform for libraries and schools, completed the acquisition of Kanopy, a video streaming service for public and academic libraries. Financial terms were not disclosed. "Kanopy's impressive catalog of films, shorts, children's videos and documentaries will enhance options for all institutions to delight viewers of all ages. The Kanopy apps and streaming viewing experience are excellent services to further benefit our network of public libraries and academic partners," Steve Potash, OverDrive Founder and CEO.
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