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Kobo Purchased by Japanese Rakuten for $315 Million

Kobo Acquired

Kobo has been having some issues on BlackBerry including the PlayBook version for a bit but now we might know why they are a bit distracted. Scuebydue pointed that the Canadian Kobo was just purchased by the Japanese Rakuten for $315 million. I had never heard of Rakuten before but supposedly they are “one of the world’s top 3 e-commerce companies by revenue” planning on expanding their “unique B2B2C borderless e-commerce business globally, by adding an ecosystem to provide downloadable media products to consumers, starting with eBooks.”

In short I am hoping that means they plan on putting more effort into their BlackBerry PlayBook and smartphone eBook readers and expand their catalog. Full details on the acquisition below:

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  1. Perhaps, this could mean more japanese novels and comics integrated inot Kobo.

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