Kobo Sold

L. McMaken
11-11-11
Cincinnati, OH

 

Kobo, the eReader created by the Canadian company Indigo, has just been sold to a Japanese Internet company, Rakuten. The Kobo was associated with and marketed by the now bankrupt Border’s Books, and many consumers never knew it was a “stand-alone” reader capable of reading many formats.

News of the sale came as a surprise to many, as the Kobo is Canada’s only eBook vendor corporation. Selling this to a foreign company is a bit shocking and may come under scrutiny of Canadian law.

For it’s part, Rakuten states they will keep “headquarters, management and staff in Toronto.” It also plans to use the acquisition to expand it’s interests into European and North American eReader markets. Hiroshi Mikitani, chairman and c.e.o. of Rakuten, said: “Rakuten offers Kobo unparalleled opportunities to extend its reach through some of the world’s largest regional e-commerce companies, including Buy.com in the US, Tradoria in Germany, Rakuten Brazil, Rakuten Taiwan, Lekutian in China, TARAD in Thailand, and  Rakuten Belanja Online in Indonesia, and of course, Rakuten Ichiba in Japan.”

Similar Articles

Comments

FOLLOW US

2,024FansLike
3,238FollowersFollow
10,200SubscribersSubscribe

Recent Book Trailers

Instagram

Advertisment

Don't Miss

Hillary Rodham Clinton and Louise Penny Team Up to Write Thriller

0
STATE OF TERROR to be jointly published by Simon & Schuster and St. Martin’s Press in October Simon & Schuster and St. Martin’s Press are proud...

PODCAST: Traveling the world with author and journalist McGarvey Black

0
Traveling the world with author and journalist McGarvey Black LISTEN HERE!! A theatre major in college, McGarvey Black pursued an acting career for a few years. From there...

SNEAK PEEK: WE’RE BETTER TOGETHER

0
Cooperation, helping, and working together are beautifully illustrated in this book that demonstrates the joys of community and teamwork for young readers. We’re Better Together...

SNEAK PEEK: THE VINEYARD AT PAINTED MOON BY SUSAN MALLERY

0
The Vineyard at Painted Moon by Susan Mallery Already a worldwide success in mass market and trade paperback formats, #1 New York Times bestselling author Susan Mallery’s...

SNEAK PEEK: PIXIE TRICKS THE GREEDY GREMLIN BY TRACEY WEST / XAVIER BONET (Illustrator)

0
Tracey West's Pixie Tricks series is filled with fairies, magic, and adventure -- making it perfect for fans of her New York Times bestselling Dragon Masters...

Friday Reads: Golden Globes

0
And the award goes to… The Golden Globes are this Sunday, and 2021’s ballot is full of book adaptations! We invite you to pair your...

BOOK REVIEW: “THE BITTERROOTS” BY C.J. BOX

0
BOOK REVIEW: “THE BITTERROOTS” BY C.J. BOX After the events of the last book, Cassie Dewell has moved her family (mother, Isabel, and 14 year old...

MEET THE AUTHOR: LAWNA MACKIE

0
FEBRUARY IS FOR ROMANCE AUTHORS! MEET LAWNA MACKIE My name is Lawna and I’m an avid romance reader and author. I wanted to share something about...

SCHOLASTIC TO PUBLISH KALEIDESCOPE, A NEW NOVEL BY BRIAN SELZNICK

0
Scholastic to Publish Kaleidescope, a New Novel by #1 New York Times Bestselling Author and Caldecott Medalist Brian Selznick on September 21, 2021 Scholastic, the global...

HarperCollins Focus launches new Fiction imprint Harper Muse

0
HarperCollins Focus announced today the launch of its new book imprint, Harper Muse. Expanding the publishing company’s footprint into general market adult fiction, Harper...