Kobo is allegedly a deliberate anagram of booK.
Quote:
Originally Posted by Pjama
Or ereader pocket (syntax doesn’t make sense in English but may in the origin country).
B in aura and glo might simply be book?
And BU = big unit 
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Kobo is Canadian, maybe originally owned by a book retailer, now owned by Rakuten of Japan. They also own Viber.
BU = Big Unit makes as much sense as anything.