Hudson -- The Main Street bookstore owned by Liz Murphy for more than 43 years has been sold an employee who "crowdsourced" the money for its purchase.

Crowdsourcing is an online fundraising tool whereby proposals are made through a service that facilitates donations to various causes outlined on the service's website.

Murphy announced the sale to her events coordinator Feb. 15.

"Kate Schlademan and I signed all the paperwork this morning, and in a month, on March 15, she will begin the next chapter of The Learned Owl Book Shop," Murphy said. "I don't think I could have found anyone better to love the Owl as I have, and take it successfully into the coming decades."

Murphy will continue to work with Schlademan, whom she hired in 2011, "for the foreseeable future to insure a seamless transition," Murphy said.

Details of the deal have not been announced. The book shop has scheduled at March 16 celebration to herald the sale.

While raising funds for the purchase last month, the store's new owner expressed confidence the store will see continued success.

"Liz has been extremely supportive and I'm honored to have the support of so many loyal book lovers and will do everything in my power to ensure the continued success of the Owl," Schlademan said.

For more information see the Feb. 20 issue of the Hudson Hub-Times.