Kobo sold to Japanese e-commerce company for $315 million

It was as good a time as any to sell Kobo. With recent success from its Kobo Reader Touch and the newly released Kobo Vox, the Toronto-based e-Book maker looks like a great acquisition. Rakuten, Inc.  and Kobo Inc. today announced that they have entered into a definitive agreement under which Rakuten intends to acquire 100% of total issued and outstanding shares of Kobo for US$315 million in cash.

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