The third-place e-reader lives on to fight another day, thanks to plenty of yen.
Kobo, maker of the eponymous e-reader best associated with former bookseller giant Borders, is being acquired by Japan e-commerce player Rakuten for $315 million.
Canadian book retailer Indigo, the e-reader's creator, spun off Kobo in 2009. Although the sale to Rakuten, which operates Buy.com, among other properties, takes ownership over the Pacific, Kobo executives say the company will remain headquartered in Toronto.
The sale to Rakuten could be a natural step for Kobo in focusing further on the international market. There are more than … Read more