Investment firm KKR has acquired audiobook powerhouse RBmedia (previously known as Recorded Books) from Shamrock Capital. The financial details of the sale were not disclosed, though as one of the largest private equity firms with assets under management of over $150 billion, KKR focuses on investments of scale. With a catalog of 35,000 published audiobook titles across multiple imprints, RBmedia calls itself the largest independent audiobook publisher in the world. They offer audio titles from multiple publishers to consumers through Audiobooks.com by subscription, and provide a broader catalog of digital content to libraries through the RBDigital platform. Tom MacIsaac, president […]
