Kobo's parent company Rakuten has struck a "strategic alliance" with Walmart which will see the e-book retailer broaden its customer base in the US.... Read more
Japanese e-commerce firm Rakuten, owner of Kobo and OverDrive, has acquired a substantial minority stake in getAbstract AG, the world's largest library of business book summaries.... Read more
Rakuten will close its UK marketplace website in August following a review of its European operations.
Waterstones is to stop selling e-books from its website and instead divert customers to Kobo’s reading platform for digital sales.
Rakuten recorded a 7.8bn yen (£47m) impairment charge for its Kobo division, according to its financial results for the three months to end December 2015. ... Read more
Kobo is set to launch a new e-reader in the UK on 1st June. The Kobo Glo HD will offer “the highest resolution screen available... Read more
Japanese e-commerce company Rakuten is to buy OverDrive, which provides an e-book library lending platform, for $410m (£275m) in cash. The move will help Rakuten... Read more
Online retailer Rakuten's revenue was up 15.4% in 2014, compared to the year before, despite “increasing uncertainty” in the world economy. In results released today... Read more