Thread: Kobo Sold to Japanese Company
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Old 11-09-2011, 03:20 AM   #16
Fringecup
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Kobo Sold to Japanese Company
Quote:
Originally Posted by anonymoose View Post
I can see the benefits of getting another company involved, but I have to say that I am shocked that Indigo gave up their stake completely, especially since they keep losing their book sales to e-books and focusing more and more on non-book products.
I read in The Globe & Mail newspaper today that Indigo kept their 51% share in Kobo and sold only the remaining outstanding shares to the Japanese company. Kobo is STILL majority-owned by Indigo. Let's face it, they needed the deep pockets of a larger company with access to Asian and other markets where they could not otherwise compete with the giants out there!
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