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Announced

Completed

KKR-backed OverDrive completed the acquisition of Kanopy.

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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United States

Private Equity

Private

streaming platform

Acquisition

Domestic

Friendly

Single Bidder

Majority

Entertainment

Completed

Synopsis

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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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