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Scribd reportedly planning to going public on a $1B valuation

Scribd reportedly planning to going public on a $1B valuation
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Document, book and audiobook subscription firm Scribd Inc. is in discussions to go public later this year, according to a report today from Bloomberg.
The report, referencing people with knowledge of the matter, said the company has held talks with potential advisers on an initial public offering or a merger with a special-purpose acquisition company. The deal would value Scribd at about $1 billion, with an IPO in the fourth quarter a possibility.
Founded in 2007, 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. The company’s e-book subscription service is available on Android and iOS along with Kindle Fire, Nook and personal computers. ....

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The Breakfast Club

In addition, Charlamagne currently hosts a widely-acclaimed podcast entitled
Brilliant Idiots
, alongside MTV’s Andrew Schultz, where the duo discusses their reaction to both world and pop culture news. Currently,
Brilliant Idiots is streamed and downloaded by hundreds of thousands of listeners and fans per
episode. The success the show has garnered has opened doors for a “Brilliant” tour, in which Charlamagne and Shultz can be found in different cities around the world, on stage, for a live taping.
As for Charlamagne’s first love, radio, the personality currently stars in the hugely popular morning radio show,
The Breakfast Club, ....

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