Yep. It’s true. Kobo has been acquired by Rakuten for a cool $315 million.
Here is some fortunate news for our neighbors (or is that neighbours?) to the north, from the official press release:
Led by Kobo CEO Michael Serbinis, Kobo will continue to function as a stand-alone operation with its headquarters, management team, and employees based in Toronto.
Check out the full press release HERE.
And yes, Kobo will remain one of BookBaby’s favorite distribution partners.
About Chris Robley
Chris Robley has written 372 posts in this blog.
Chris Robley splits his time between the Portlands Oregon and Maine, always longing for the other. He plays music on the West Coast and writes poems on the East. His music has been praised by NPR, the LA Times, the Boston Globe, and others. Skyscraper Magazine said he is “one of the best short-story musicians to come along in quite some time.” Robley’s poetry is forthcoming in Prairie Schooner, RHINO, Pacifica Literary Review, and The Fine Line.
