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Kobo Sold to Japanese Internet Service Company Rakuten

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.

Chris Robley

About Chris Robley

Chris Robley has written 508 posts in this blog.

splits his time between the Portlands Oregon and Maine. Generally, he plays music on the West Coast and writes poems on the East — though sometimes that gets mixed up. 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 has been published or is forthcoming in POETRY, Prairie Schooner, Beloit Poetry Journal, RHINO, Magma Poetry, Pacifica Literary Review, Arsenic Lobster, and more. He is the 2013 winner of Boulevard's Contest for Emerging Poets.

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