Oyster, a subscription service for e-books, is shutting down

After two years, e-book subscription service Oyster will be shutting down over the next few months. Often referred to as “Netflix for books,” Oyster offered unlimited access to a million titles for $9.95/month. Peter Kafka and Mark Bergen report that most of the Oyster team, including its CEO and co-founders, are headed to Google Play. Though it’s not an acquisition, Kafka and Bergen also report that Google will pay Oyster’s investors for the right to hire some of its staff.