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Kobo Sold to Japan’s Rakuten for $315 Million

November 8, 2011
By Michael Cader

eBook start-up Kobo is being sold to Japanese internet giant Rakuten for $315 million on a fully-diluted basis. Kobo will continue to operate as a stand-alone entity, based in Toronto, Canada. Kobo’s majority shareholder Indigo Books & Music said they expect to receive $140 million to $150 million in proceeds, though they told shareholders “the […]

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Filed Under: ebookstores, eNews, Finance

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