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KKR to acquire digital reading platform OverDrive

Dec. 26, 2019 8:32 AM ETKKR & Co. Inc. (KKR) Stock, RKUNY Stock, RKUNF StockBy: Liz Kiesche, SA News Editor
  • 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.

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