Oyster, the ‘Netflix for books’ service that provided unlimited access to over a million books for a $9.95 monthly subscription, is closing, with Re/code reporting that its CEO and two co-founders have been ‘acquihired’ by Google.
It’s not known at this stage whether Google plans to relaunch the service as a Google-branded product. Oyster said in a blog post that members that they will receive an email with more information in the next few weeks, and Google declined to comment …
We will be taking steps to sunset the existing Oyster service over the next several months. If you are an Oyster reader you will receive an email personally regarding your account in the next few weeks. We look forward to sharing more details soon, but rest assured, your account will continue to operate normally in the meantime.
It will be interesting to see whether Google does indeed plan to compete with Amazon’s Kindle Unlimited service. The company already sells books through the Google Play store.