Briefing

Wattpad in talks for US$500-million-plus sale: Report

The Toronto-based company received an unsolicited bid from a U.S. internet firm and has since invited other offers over the fall, a source told The Globe and Mail. The platform allows users to post and read most stories for free, some of which it licenses on behalf of creators to book publishers and film and TV studios, or puts out itself. “We don’t have any news to share at this time,” spokesperson Kiel Hume told The Logic via email. (The Globe and Mail, The Logic)

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