Katie Allen and Philip Jones | The Bookseller

Kobo sold to Rakuten

Publication Date: Wed, 09/11/2011 - 09:30

Japanese e-commerce firm Rakuten has acquired the fast-growing e-reading service Kobo for $315m.

The move follows Rakuten’s acquisition of internet retailer Play.com earlier this year for £25m in cash, as part of the company’s European expansion plan. In October, Kobo partnered with the UK’s W H Smith to...

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