FutureFive NZ - Kobo purchased for US$315 million

Warning: This story was published more than a year ago.

Kobo purchased for US$315 million

Toronto-based ereader manufacturer Kobo is to be purchased by Japanese firm Rakuten Inc for US$315 million.

The deal is expected to close in early 2012, with the company to continue to operate out of the Canadian city. 

Kobo’s ereader devices are sold here by Whitcoulls. The platform has about 5 million users worldwide, half of those in the US.

Michael Serbinis, Kobo CEO, says in a statement that the purchase will allow Kobo to diversify quickly into other countries and e-commerce categories. 

Interested in this topic?
We can put you in touch with an expert.

Follow Us


next-story-thumb Scroll down to read: