Rakuten announced today that it is set to acquire a “substantial minority stake” in getAbstract AG, which compresses digital content and offers a library of more than 14,000 summaries of business books, business articles, video talks and economic reports.
The investment positions getAbstract for further international expansion.
“Rakuten will continue to accelerate growth of its digital content business globally and we look forward to discovering new synergies with getAbstract as the proven leader in compressed content through its extensive catalog and B2B client portfolio,” said Takahito Aiki, managing executive officer of Rakuten.
GetAbstract was founded in 1999 and is currently used by more than one-third of Fortune 100 companies.
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