Oyster, a startup that offers offers unlimited access to its collection of e-books for $9.99 per month, has crossed a nice milestone — it says its library now includes 500,000 books, compared to 100,000 when it launched in September of last year.
The company also said it recently expanded its partnership with HarperCollins, bringing 10,000 more of the publisher’s titles (including Beautiful Ruins by Jess Walter, The Happiness Project by Gretchen Rubin, and American Gods by Neil Gaiman) into Oyster. And it has signed new deals with publishers including McSweeney’s, Chronicle Books, Grove Atlantic, and Wiley.
The deal will supposedly be announced next week, according to the Financial Times, who first reported news of the rumored acquisition. If true, the deal would be the largest acquisition in Apple’s history. It would also mark a huge change in strategy for Apple, which has traditionally stayed away from high-dollar acquisitions.
Some details of the deal are still in the works, according to FT’s sources, which means the talks could still fall apart. What we do know is that Apple would take control of Beats’ hardware business (including its signature headphones) and its relatively new streaming-music service, Beats Music.