In April 2016, Rakuten introduced it will invest an extra $92 million in Cabify, which was founded in 2012 in Spain and is probably one of the largest ride-hailing providers in Latin America. Rakuten led a $500 million Series E round of funding in Middle Eastern transportation startup Careem, which closed out in June 2017. In March 2015, Rakuten announced the acquisition of OverDrive, Inc., a wholesale distributor of e-books and other digital content that serves libraries and retailers, primarily based in Cleveland, Ohio.
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