Kobo has closed an investment round that raised $50 million in new financing. For those paying attention, note that it’s actually the second announcement about the same funding round. In early March they disclosed new financing led by Fidelity Investments, without releasing the amount raised. Tuesday’s announcement revealed the amount, but pretended to keep Fidelity’s name of out it. Indigo invested $13 million, and current investor Cheung Kong Holdings also contributed a nominal amount, with Fidelity adding approximately $37 million. Indigo’s investment has been diluted from 58 percent down to 51 percent, so they still have control of the company. […]
