Toronto.com reports that Canada’s biggest book retailer, Indigo, is selling Kobo Inc. to Tokyo-based Rakuten Inc. for $315-million.
This after Indigo reported a second-quarter loss of $40-million. No reason to worry for all you Kobo eReader and Vox Tablet owners since Rakuten has the resources to give Kobo some staying power on a playing field that counts giants Amazon and Apple as competitors.
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