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Scribd’s Everand has acquired social reading app Fable, for undisclosed terms. Everand and Fable will continue as separate services, though “Fable will benefit from Everand’s resources and the operational stability that comes from being part of Scribd, a privately-held company with over 18 years experience, to further enhance its community-first features as both teams explore thoughtful opportunities to evolve the reading experience together.” Fable founder and ceo Padmasree Warrior will transition to an advisory role. Fable had raised $27.25 million in funding.

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Author of HONEY Bel Banta's THE COURT OF VENUS, a romantic fantasy set in a world pitched as inspired by Tudor England and the astrologers who advised kings, following two rival magicians—one blessed by the moon and the other by Venus—who reunite at court after years apart to solve the mystery of their beloved prince's death, but end up uncovering long-buried secrets about magic, to Lindsey Hall at Tor, in a major deal, at auction, in a two-book deal, by Jamie Carr at The Book Groupread more
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