Rakuten to Buy OverDrive for $410 Million

The two companies announced in press releases that Rakuten will pay "a total consideration of $410 million in cash" to buy OverDrive. They say OverDrive's EBITDA was $25 million for 2014, which amounts to a very hefty multipleĀ of earnings that Rakuten is paying -- but the Japanese-based company says that…

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