OverDrive Will Acquire Kanopy

Kevin Sayar, CEO of Kanopy, has released the following statement:

We are excited to announce that OverDrive, the award-winning industry leader in the library distribution of ebooks, audiobooks, magazines, and more, has entered into an agreement to acquire Kanopy. We believe this transaction will benefit the public and academic library communities, our suppliers, and the patrons, students, and faculty we both serve.

As a primary benefit, we are excited to extend to the OverDrive network all the success and patron engagement of the Kanopy video catalog, apps, and platform providers.

Additional information is forthcoming, but at this time we are unable to provide any details until the close date. In the meantime, Kanopy will continue to operate “business as usual” with no changes to either companies’ operations. Please contact your account representative if you have any questions.

We’ll have to wait to see if this move will result in any changes in service or cost—for example, will Kanopy simply be subsumed into Libby? RF hopes the acquisition will indeed be beneficial in some way for Kanopy subscribers/users