Japanese retailer Rakuten buys Kobo for $315 million
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E-reader dark horse Kobo has a new master: Japanese mega-retailer Rakuten. The company bought the e-reader manufacturer for $315 million, with most of it going to majority shareholder Indigo Books & Music, from Canada. The backing of a powerful retailer should help the relatively small company compete better with the likes of Barnes & Noble and Amazon in the e-reader/tablet marketplace. Like its competitors, Kobo sells ebooks on Android, iOS and its own line of e-readers.










