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Kobo was bought by Rakuten a year or two ago. I think they were in pretty good shape even then and they've been getting good support since so they're probably in better shape now. At least there haven't been any stories about them having problems and I'd probably have seen those stories if there were any.
My personal preference is for Kindles but I have a couple of Kobo's as well and they're perfectly good devices. I wouldn't be the least bit worried about buying one.
The one that might be a sinking ship is the Nook. I recently bought their new model but the "sinking ship" idea wasn't part of my calculation. I hope Nook sticks around because I think Amazon will stay better with competition, but if they don't, and they might not, I'm still glad I got the Nook. I have lots and lots of books to read on it. I have no intention of buying books from B&N.
The danger, the real serious danger to us readers would be if Calibre went under. That would be a serious tragedy!
Barry
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