Thread: Kobo sold to Rakuten for $315M
View Single Post
Old 11-22-2011, 02:12 AM   #14
molman
Evangelist
molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.molman ought to be getting tired of karma fortunes by now.
 
Posts: 436
Karma: 538958
Join Date: Jul 2011
Device: none
Quote:
Originally Posted by 49Kat View Post
This move by Indigo is a surprise, especially considering that Indigo itself is losing money. Why sell off a division that could be profitable? The sale of ebooks is outstripping that of paper books now.
That could be the very issue. They don't have the cash/cashflow to take Kobo where it could go. I am surprised they didn't retain an stake in it though. 10-20% or something.
molman is offline   Reply With Quote