Oyster, a Netflix-like subscription service for electronic books, is shutting its doors, with Recode reporting that most of the team is heading to Google.
“We will be taking steps to sunset the existing Oyster service over the next several months,” the company wrote on its blog.
“We look forward to sharing more details soon, but rest assured, your account will continue to operate normally in the meantime.”
Oyster said it believes the phone will be the primary reading device globally over the next decade.
“Looking forward, we feel this is best seized by taking on new opportunities to fully realise our vision for ebooks.”
According to Recode, these opportunities may be at Google, with a portion of the Oyster team joining Google Play Books.
Oyster CEO Eric Stromberg and co-founders Andrew Brown and Willem Van Lancker are reportedly in the team set to join Google.
Google did not comment on whether it plans to launch a book subscription service.