From the Draft2Digital website:
We’re betting that’s a headline you never expected to see, and we’re already anticipating the chatter this will cause in the indie author community!
We know this is going to feel a bit unexpected and out of the blue, but we’re very excited to make this announcement, and even more excited about what this means for you and the rest of the author community.
Since Draft2Digital was founded, in 2012, we have always believed that Smashwords was a vital and integral part of the self-publishing community. In many ways, Smashwords ultimately built the very industry in which we all work and thrive. Their work laid the foundation, and we’ve all been building on that foundation ever since.
And though Draft2Digital and Smashwords have always been cast as rivals in this little drama, the truth is it was, at worst, a friendly rivalry. In the end, we share the same goal: Empower self-published, indie authors and publishers to build and grow their publishing careers.
At the core of each company there has always been a love and appreciation of the author community. Many of us are authors ourselves, and each company was founded to provide the sort of services and support that we need. We understood your needs because we share them.
To read more, go to the Draft2Digital website here.