Scribd-backed Everand to acquire Fable.

Scribd-backed Everand, a platform offering books, agreed to acquire Fable, a social reading platform. Financial terms were not disclosed. “We believe great storytelling is about more than what’s on the page – it’s about how it brings people together. That’s what makes Fable such an incredible fit. Padma and her team have built a passionate, values-driven platform that aligns perfectly with our vision for Everand. This partnership is about amplifying what both teams do best, while staying true to the people we serve: readers. I’m excited about our combined future and the impact we will make in offering a reading experience rooted in connection and purpose,” Tony Grimminck, Scribd CEO.