Rakuten to acquire Kobo

8 November 2011 Books+Publishing

Ebook platform provider and online retailer Kobo is to be acquired by Japanese internet service company Rakuten. Rakuten confirmed in a statement its 'definitive agreement' to 'acquire 100% of total issued and outstanding shares of Kobo for US$315 million [approximately A$303 million] in cash'. Indigo, Kobo's founder and majority shareholder...