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Kindle rival Kobo sells for $315M to Japanese e-commerce giant

Kobo, the 2-year-old Canadian maker of electronic reading devices, has been sold for $315 million in cash to Japan’s Rakuten. Toronto-based Kobo — a spin-out of Indigo — raised $50 million in April. In addition to Indigo, Kobo was backed by Cheung Kong Holdings. “Kobo provides one of the world’s most communal eBook reading experiences… Read More

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Barnes & Noble unveils the new Nook, with touchscreen display

Barnes & Noble today introduced the latest version of the Nook. And like yesterday’s announcement by rival Kobo, Barnes & Noble’s new electronic reader features a 6-inch eInk touchscreen. But Barnes & Noble is promising even more, saying that the new gadget will be able to sustain battery life of two months on a single… Read More

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Kobo opens a new chapter, introduces ‘touch’ to e-reader

Kobo faces tough competition from the likes of Amazon.com’s Kindle and Barnes & Noble’s Nook. But the 2-year-old Canadian upstart, which just last month landed $50 million in financing, is hoping that it can turn a new page on electronic reading devices. Today, the company is announcing the Kobo eReader Touch Edition, which like the name suggests… Read More

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Kobo inks $50 million round for electronic reading gadgets, digital bookstore

Amazon.com’s Kindle may have a leadership position right now in electronic reading devices and digital books. But the market continues to heat up. Today, Toronto-based Kobo is turning a new page in its history, announcing a whopping $50 million investment from Fidelity and existing investors. The company also announced that the Kobo eReader application has… Read More