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Old 05-31-2013, 06:03 PM   #10
Fbone
Is that a sandwich?
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Join Date: Jun 2010
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Quote:
Originally Posted by taming View Post
True enough!

Edit: When Kobo was sold to Rakuten, back in 2011 (for 315 M.), one of the reasons Kobo and Chapters Indigo representatives gave for the sale was that the push to get Kobo into multiple international markets and to grow was so expensive that keeping it independent was just not an option.

I wonder if it is making money at all at this point, or merely positioning itself to be a player in developing markets.
Rakuten released 2012 financials where they lost well over $1 Billion in their North American market. Much of it was due to restructuring and goodwill. They lost a hefty amount from their UK operations. The company as a whole did well in 2012 as opposed to 2011 where they reported a company wide loss. There was no breakdown into how Kobo performed in the press release.
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