Draft2Digital will purchase Smashwords, combining the two self-publishing platforms under the Draft2Digital name., and the deal is expected to close March 1. According to a release, both companies are profitable and debt-free. Draft2Digital ceo and co-founder Kris Austin will be ceo of the combined company. Smashwords founder and former ceo Mark Coker will join the board and management team as chief strategy officer. Headquarters will be in Oklahoma City, where Draft2Digital is currently located, and all employees of the two companies “are expected to join the combination.” Together, the combined company will manage more than 800,000 titles from more than […]
