In interviews following up on Indigo’s deal to sell Kobo to Japan’s Rakuten, Indigo ceo Heather Reisman made it clear that “over the next year, this business will need in excess of $100 million to take it to where this industry is going, and we just cannot play in that league for that amount of capital.” Kobo ceo Michael Serbinis thinks they will need even more investment than that: “Certainly the capital needs in the next couple of years, without revealing too much about strategy, is in the hundreds of millions. And whether a hundred gets you to 6 months […]
