It's been just over two months since
Rakuten announced its intention to snatch up all of
Kobo's shares for $315 million, following the collapse of the eReading company's primary retail partner -- Borders. Even though its new parent company is based out of Japan Kobo's headquarters will remain in Toronto. The two were also quick to tout the potential expanded marketplace that will be available to Kobo thanks to the popularity of Rakuten's various properties, including Buy.com. If you're particularly curious about the deal you can check out the PR after the break.
Continue reading Rakuten completes purchase of Kobo
Rakuten completes purchase of Kobo originally appeared on Engadget on Wed, 11 Jan 2012 17:47:00 EDT. Please see our terms for use of feeds.
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