- KKR (NYSE:KKR) agrees to acquire OverDrive digital reading platform for libraries and schools from Rakuten's (OTCPK:RKUNY) (OTCPK:RKUNF) U.S. subsidiary.
- Financial details of the deal weren't disclosed.
- KKR is making the investment in OverDrive from its KKR Americas XII Fund.
- KKR gains 2.6% in premarket trading; it also announced today an agreement to buy, along with Alberta Investment Management Corp., a 65% stake in the Coastal GasLink Pipeline Project from TC Energy.