Leading library ebook distributor OverDrive was sold to Rakuten on March 19 for $410 million cash, more than 16 times OverDrive’s annual earnings of $25 million. The purchase from private equity firm Insight Venture Partners, OverDrive’s majority owner since 2010, is scheduled to close in April. OverDrive will become a subsidiary of Rakuten USA, the U.S. arm of Japanese e-commerce company Rakuten. CEO Steve Potash will continue to lead OverDrive, and its headquarters will remain in Cleveland, OH.
The free guide, “Family Time with Apps,” discusses how apps can be used to foster communication and learning while turning “screen time into family time.”
SLJ‘s spending survey, sent to school and public libraries, found that libraries’ use of digital tools, ebooks, and other resources continues to grow—while budgets do not.
This article was published in School Library Journal's April 2014 issue. Subscribe today and save up to 35% off the regular subscription rate.
In a ruling that could have serious implications for the way Internet access is regulated in the US, the Washington, DC Circuit Court of Appeals ruled this morning that the FCC does not have the authority to impose so-called net neutrality rules on Internet service providers.
Rourke’s “eRead and Report” database provides one-stop shopping for schools and libraries seeking informational ebooks. Each title is not only Common Core compliant, but comes with student assessment functions as well, with test results immediately available to teachers. Students can search the entire ebook collection to which their library subscribes, or teachers can assign particular books and observe student progress within the system.