The investment firm KKR has completed its purchase of OverDrive, which distributes eBooks, audiobooks, music, and video titles to more than 45,000 libraries worldwide. On Christmas Eve, KKR announced it had reached an agreement to acquire the digital reading platform from the Japanese conglomerate Rakuten. The deal was expected to be closed in the first quarter of 2020; it is not known whether the pandemic caused a problem in completing the agreement.