Dropbox has acquired the social reading platform Readmill and is shutting down the site.
“Readmill’s story ends here,” writes Henrik Berggren, co-founder & CEO of Readmill on the company blog. “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. We considered every option before making the difficult decision to end the product that brought us together.”
Readers can no longer create a new account, and current users will have until July 1st to transition their account to another service. The Readmill team is will join Dropbox. “Millions of people use Dropbox to store and share their digital lives, and we believe it’s a strong foundation on which to build the future of reading,” continued Berggren in the post. “We’re delighted to work alongside this talented team and imagine new ways to read together.”