Japan’s Rakuten buys Kobo, maker of Borders’ e-reader

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.

Read the rest of the story: Japan’s Rakuten buys maker of Borders’ e-reader.

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