Librify Inc. has been sold to Scribd

Librify Inc. has been sold to Scribd

DeSilva+Phillips client, Librify Inc., a social reading and retail platform, has been acquired by Scribd, the premier subscription reading service, featuring ebooks, audiobooks and comic books. Librify allows readers to access bestsellers, new releases and book club favorites, all while sharing their reading experience with friends. The sale of Librify is part of an ongoing consolidation in the dynamic book subscription space.

“This is an exciting time for trade publishing; so much change creating so many opportunities.” said DeSilva+Phillips Managing Director, Robin Warner. “This is a smart move for Scribd and a nice event for Librify.”

“We value Librify’s focus on the social reading experience and the great work they’ve already done within reading communities,” said Trip Adler, co-founder and CEO of Scribd. “This move is a natural extension of the existing Scribd product and something we, and our readers, have wanted to explore more deeply.”

“In starting Librify we set out to create a book club like reading experience for the digital age and we’re excited to take that next step with Scribd,” said Joanna Stone Herman, co-Founder and CEO of Librify, Inc. “As the leading subscription service for books with the most bestsellers of any ebook subscription service, Scribd offers the ideal platform for Librify to realize its original vision.”

For more information about please visit Scribd.com

Details
Transaction TypeM&A Sell-side
ClientLibrify Inc.
Sold toScribd
IndustryMedia
DateJune 2015