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Originally Posted by fjtorres
BTW, B&N has just under 60m shares outstanding so valuing Nook at $5 a share values the entire operation at $300M. Buying 51% at that price is a pretty low buy-in into ebook retailing.
I doubt this goes anywhere.
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When Rakuten bought Kobo, they paid $315 Million. I wonder how seriously Rakuten is about expanding US market share? Could Nook look good to them?
In a PR release Feb 14, 3014,
Rakuten Reports Consolidated Financial Results for the Fiscal Year Ended December 31, 2012, they said:
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In the year ending December 31, 2013, we anticipate further expansion in the use of our services in Japan including e-commerce and travel, resulting in continued high growth. In financial services, although there will be a certain degree of impact from financial conditions, we anticipate a continuous growth in earnings created from synergies within the Rakuten Group. Aiming for an early return in income, Rakuten will continue to make strategic allocations of corporate resources and active investments in high-growth areas such as e-books, in order to generate more mid-to-long-term income opportunities.
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