A Japanese E-Commerce Company Is Buying Kobo For $315 Million

kobo touch

Photo: Kobo

Japanese e-commerce retailer Rakuten is acquiring Canadian e-reader company Kobo for $315 million.Kobo will continue to function as a stand-alone operation despite the acquisition. Kobo said it would begin publishing books last month. 

Kobo has 5.6 million readers in more than 100 countries.

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