![]() In April 2015, Rakuten bought OverDrive for $410 million, with the deal set to close in April 2015. In 2014, OverDrive completed its headquarters in the Cleveland suburb of Garfield Heights, Ohio. The company also announced a partnership with LexisNexis to provide the LexisNexis Digital Library, a customized eLending platform for the legal library market. In 2012, the company announced a series of service upgrades, including: OverDrive Read, a browser-based ereader, streaming audiobooks, which enable access to audiobooks via the OverDrive Media Console apps OverDrive Media Station, which allows users to browse their library's digital collection on touchscreen monitors and public Internet workstations Next Generation Content Reserve, a collection-development portal and OverDrive APIs, which allow developers to integrate OverDrive content into apps and platforms. In 2000, the company opened Content Reserve, an online ebook and downloadable audiobook repository from which its distribution business would develop. OverDrive was founded in 1986 and initially converted analog media to digital formats, such as interactive diskettes and CD-ROMs.
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