July 16 - 10:07
Scribd to go public at $1bn valuation
Document, book and audiobook subscription firm Scribd is in discussions to go public later this year, Bloomberg reports. The deal would value Scribd at about $1 billion. Scribd initially started as a document-sharing service and was described at one time as the “YouTube for documents.” It later evolved into a subscription service for books, audiobooks, magazine articles, documents and more.
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