Printed from http://www.electronista.com

Readmill purchased by Dropbox, social reading network shuttering

updated 04:02 pm EDT, Fri March 28, 2014

Deal worth $8 million moves founders, employees to Dropbox

Online storage provider Dropbox has purchased social reading app developer Readmill. The deal, suspected to be worth around $8 million, will see the shuttering of the Readmill app, with the team responsible for coding and development moving to assist Dropbox with its core service.

Readmill notes on a post announcing the closure and purchase that "many challenges in the world of ebooks remain unsolved, and we failed to create a sustainable platform for reading. For this, we're deeply sorry."

New accounts can no longer be created on the Readmill service. On July 1, the app will no longer be available. The company is providing assistance with migrating owned content out of Readmill, including reading journal data export, and DRM migration for Adobe-protected content.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News